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BIT |
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In addition, many of the provisions of PPA '06, such as the public disclosure requirement of an organization's unrelated business income tax return (Form 990-T, Exempt Organization Business Income Tax Return) and the more stringent rules governing donor-advised funds and supporting organizations, have created additional complexities in the nonprofit sector. Next, you need to worry about unrelated business income tax (UBIT). Under normal circumstances, the prudent course would be to put a proposal to establish Oregon's first permanent countywide personal and business income tax on the ballot and let voters decide its fate. |
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