Tax Services

Unrelated Business Income Tax (UBIT) Reminder

Submitted on Wed, 07/29/2020 - 9:21 am
Financial Services is gathering information for the FY 2020 Unrelated Business Income Tax (UBIT) filing. The University of Arizona is exempt from federal income tax as an integral part of the State of Arizona when revenue is generated from activities that are substantially related to the University’s exempt purposes which include research and discovery, teaching and learning, and outreach and public service.

Unrelated Business Income Tax (UBIT) Reminder

Submitted on Wed, 07/31/2019 - 11:24 am

Financial Services is gathering information for the FY 2019 Unrelated Business Income Tax (UBIT) filing. The University is exempt from federal income tax as an integral part of the state of Arizona when revenue is generated from activities substantially related to its exempt purposes, which include research and discovery, teaching and learning and outreach and public service.

However, revenue generating activity may be subject to federal UBIT when these conditions exist:

Mid-year UBIT Reminder

Submitted on Tue, 03/26/2019 - 7:30 am

As Financial Services reviews current year unrelated business income (UBI) activity, we want to take a moment to remind departments to notify Tax Services of any potential UBI activities.

Revenue generating activity may be subject to federal unrelated business income tax (UBIT) when the following conditions exist:

USB 402, 502 Remodel Update

Submitted on Mon, 11/05/2018 - 8:37 am

As previously announced in late September, Financial Services is remodeling our space in the University Services Building (USB) rooms 402 and 502.

We are pleased to inform Campus that Phase 1 of the remodel (room 402) is complete.  Teams and services have returned to normal for units previously located in this office.  Many of our employees are in a new location in the room, so if you are visiting be sure to stop at the front desk for directions.

Effect of the Increase to the City of Tucson Sales Tax Rate

Submitted on Mon, 02/12/2018 - 9:33 am

In November 2017, Tucson resident voters approved a tenth of a percent increase to the City of Tucson sales tax rate. Accordingly, effective February 1, 2018, the rate rose from 2.5% to 2.6%, increasing the total retail sales tax rate in Tucson, AZ from 8.6% to 8.7%. As UA is exempt from the collection of City of Tucson sales tax for sales made by the UA, this change will only apply to purchases from Tucson vendors located within the city limits.

This change has no impact on Arizona use tax assessment, which remains at 5.6%.