Treasury Regulations (26 C.F.R.)
26 CFR § 1.512(a)-2
Definition applicable to taxable years beginning before December 13, 1967.
# (a) In general.
The unrelated business taxable income which is subject to the tax imposed by section 511 is the gross income, derived by any organization to which section 511 applies, from any unrelated trade or business regularly carried on by it, less the deductions allowed by chapter 1 of the Code which are directly connected with the carrying on of such trade or business, subject to certain exceptions, additions, and limitations referred to below. In the case of an organization which regularly carries on two or more unrelated businesses, its unrelated business taxable income is the aggregate of its gross income from all such unrelated businesses, less the aggregate of the deductions allowed with respect to all such unrelated businesses. For provisions generally applicable to the unrelated business tax, see § 1.511-3, and for rules applicable to the determination of the adjusted basis of property, see paragraph (a)(2) of § 1.514(a)-1.
# (b) Effective date.
Except as provided in paragraph (f) of § 1.512(a)-1, this section is applicable with respect to taxable years beginning before December 13, 1967.
[T.D. 6500, 25 FR 11737, Nov. 26, 1960, as amended by T.D. 6939, 32 FR 17660, Dec. 12, 1967]
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In this part (40 sections)
- 1.508-1 · Notices.
- 1.508-2 · Disallowance of certain charitable, etc., deductions.
- 1.508-3 · Governing instruments.
- 1.508-4 · Effective date.
- 1.509(a)-1 · Definition of private foundation.
- 1.509(a)-2 · Exclusion for certain organizations described in section…
- 1.509(a)-3 · Broadly, publicly supported organizations.
- 1.509(a)-4 · Supporting organizations.
- 1.509(a)-5 · Special rules of attribution.
- 1.509(a)-6 · Classification under section 509(a).
- 1.509(a)-7 · Reliance by grantors and contributors to section 509(a)…
- 1.509(b)-1 · Continuation of private foundation status.
- 1.509(c)-1 · Status of organization after termination of private…
- 1.509(d)-1 · Definition of support.
- 1.509(e)-1 · Definition of gross investment income.
- 1.511-1 · Imposition and rates of tax.
- 1.511-2 · Organizations subject to tax.
- 1.511-3 · Provisions generally applicable to the tax on unrelated…
- 1.511-4 · Minimum tax for tax preferences.
- 1.512(a)-1 · Definition.
- 1.512(a)-2 · Definition applicable to taxable years beginning before…
- 1.512(a)-3 · [Reserved]
- 1.512(a)-4 · Special rules applicable to war veterans organizations.
- 1.512(a)-5 · Questions and answers relating to the unrelated business…
- 1.512(a)-6 · Special rule for organizations with more than one…
- 1.512(b)-1 · Modifications.
- 1.512(c)-1 · Special rules applicable to partnerships; in general.
- 1.513-1 · Definition of unrelated trade or business.
- 1.513-2 · Definition of unrelated trade or business applicable to…
- 1.513-3 · Qualified convention and trade show activity.
- 1.513-4 · Certain sponsorship not unrelated trade or business.
- 1.513-5 · Certain bingo games not unrelated trade or business.
- 1.513-6 · Certain hospital services not unrelated trade or business.
- 1.513-7 · Travel and tour activities of tax exempt organizations.
- 1.514(a)-1 · Unrelated debt-financed income and deductions.
- 1.514(a)-2 · Business lease rents and deductions for taxable years…
- 1.514(b)-1 · Definition of debt-financed property.
- 1.514(c)-1 · Acquisition indebtedness.
- 1.514(c)-2 · Permitted allocations under section 514(c)(9)(E).
- 1.514(d)-1 · Basis of debt-financed property acquired in corporate…