I’ll Take the Macaroni, But Hold the UBIT, Please

By Tony Roda

Williams & Jensen’s Tony Roda discusses the proposal to apply the Unrelated Business Income Tax (UBIT) to certain investment income of state and local pension plans. The article, which appears in the April, 2018 edition of The NAPPA Report, also details the successful effort on behalf of state and local government pension plans to eliminate the UBIT provision from the final version of the 2017 tax reform legislation.  

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