Tax Services

Unrelated Business Income Tax (UBIT) Reminder

Wed, 07/28/2021 - 2:12 pm
Financial Services is reviewing current fiscal year unrelated business income (UBI) activity. 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.

USB 402, 502 Remodel Update

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.

City of Tucson Sales Tax Rate Increase Effective July 1, 2017

Mon, 06/26/2017 - 4:55 pm

On May 16, 2017, Tucson resident voters approved a 5-year half-cent increase to the City of Tucson sales tax rate. Effective July 1, 2017, the rate will rise from 2.0% to 2.5%, increasing the total retail sales tax rate in Tucson, AZ from 8.1% to 8.6%. This change has no impact on Arizona use tax assessment, which remains at 5.6%. FSO has evaluated UAccess Financials and current tax calculations within requisitions will accommodate this change so there is limited impact on users.