Examples of Exempt organization in a sentence
Notwithstanding anything to the contrary contained herein, Sections 12.02 and 12.03 shall also apply to the redemption of Units held by an Exempt Organization that were received from a Transfer by a Founding/Working Partner or REU Partner.
Provided that a Shareholder which is an Exempt Organization does not incur any "acquisition indebtedness" as defined in Section 514(c) of the Code in connection with its acquisition of Shares, dividends paid by the Company to such Shareholder will not constitute unrelated business taxable income under Section 512 of the Code even if the Company owns "debt-financed property" as that term is defined in Section 514(b) of the Code; and 3.
In computing the unrelated business taxable income of an Exempt Organization, deductions are allowed for expenses, depreciation and similar items that are directly connected with carrying on the unrelated business.
Report this income and tax on FORM 990-T, Exempt Organization Business Income Tax Return.
The fact that UBTI will be generated and allocated to the Partnership (and ultimately the Partners) may make an investment in the Partnership less desirable for an Exempt Organization.