𝔖 Bobbio Scriptorium
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Court finds economic activity to not be a business

✍ Scribed by Bruce R. Hopkins


Publisher
John Wiley and Sons
Year
2001
Weight
240 KB
Volume
18
Category
Article
ISSN
0742-3497

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✦ Synopsis


A ceeds derived by a tax-exempt organization from gambling operations are not taxable as unrelated business income, in that the economic activity did not rise to the level of a business and that the exempt organization was not involved in a joint venture with for-profit companies (Vigilant Hose Company ofEmmitsburg v. United States (D. Md.).