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Unrelated Business Income Tax (UBIT) Policy

Approved by the Board of Directors March 2014

NPMA must identify and report Unrelated Business Income on its annual tax return, and remit any tax due in compliance with federal, state, and local tax laws and regulations. Departments, divisions, or other NPMA projects generating income that does not directly further NPMA’s tax exempt purpose must contact the Chief Financial Officer to determine if such income is subject to unrelated business income tax.