The following are examples of activities that are related to the mission of the University and may not be subject to unrelated business income tax:
- Computer time sold to university departments
- Income from advertising placed on the University newspaper when the newspaper is run by the students as part of an educational program
- Sale of books and class material by the bookstore
- Meetings, conferences and seminars where education or training is provided by UF. However, tangible personal property provided as part of the meeting packages can be unrelated (i.e. audio/visual equipment)
- Non-patient diagnostic laboratory testing performed by a teaching hospital on specimens needed for the conduct of its teaching activities
- The sale of broadcasting rights for athletic events
- Sponsoring entertainment events for the appearance of professional theater companies and symphony orchestras that present drama and musical performances for students, faculty, and the general public
- Intellectual property royalties as a result of licensing to a third party
Auxiliary Accounting: (352) 294-7236
Tax Services: (352) 294-7266