It’s that time of year again when the Office of the Controller reaches out to the campus community to report potential unrelated business income (UBI) for their department.
It’s that time of year again when the Office of the Controller at Georgia Tech reaches out to the campus community to report potential Unrelated Business Income (UBI) for their department.
UBI is income from a trade or business, whether or not it earns a profit, which is regularly conducted, and which is not substantially related to Georgia Tech’s exempt purposes.
Examples of UBI include advertising, sales of merchandise, ticket sales for entertainment, commercial filming and photography, catering to outside organizations, and recreational memberships sold to non-students and non-employees.
If you believe your unit may have unrelated business income, please complete this survey and return it to Senior Tax Compliance Manager Sarah Gamer by Friday, Nov. 8.