Wisconsin’s Way Out of UCLA’s Taxable Hotel Dilemma: But We Really Have to Hurry!
In an earlier post today citing an online lesson from Stanford, we pointed to UCLA’s hotel tax dilemma. We learned about Unrelated Business Income (UBI) and Unrelated Business Income Tax (UBIT). It appears that much of the proposed use of the UCLA hotel is in fact taxable and yet commercial-type business is forbidden in the UCLA case due to the way the hotel is to be financed. Now some readers might say that our blog just harps on the negative side of the UCLA hotel proposal and never offers anything positive. That isn’t really true since we did offer a…