Unrelated Business Income Tax Question

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Reference no: EM133081316

Question - Unrelated Business Income Tax - The Silverton Symphony Orchestra Hall is a well-established not-for-profit organization exempt under IRC section 501(c)(3) that owns a debt-financed facility that is home to the local symphony orchestra. Its mission is to increase access to the arts for the community of Silverton. The facility is used throughout the year for many activities.

Required - Select 'X' whether the regularly conducted activity of Silverton Symphony Hall is/is not subject to unrelated business income tax?

Reference no: EM133081316

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