EXEMPT ORGANIZATIONS

T.D. 9886, page 285. This final regulation provides guidance under § 512(a) (3) of the Code with regard to the calculation of unrelated business taxable income (UBTI) for § 501(c) (9) voluntary employees’ beneficiary associations (VEBAs) and § 501(c)(17) supplemental unemployment benefit trusts (SUBs). This regulation makes a few changes to temporary regulations issued in 1986 to clarify statutory provisions on how to calculate UBTI for VEBAs and SUBs and generally follows proposed regulations issued in 2014, with the exception of a change to the applicability/effective date in response to comments.