Index and Glossary - U
- University Funds, Use of
- University Property
- Unrelated Business Income Tax (UBIT)
- Unused Airfare Ticket Credit (MCO)
- UPAY
- Utah State Tax
University Funds, Use of:
Discussion: Coming Soon.
| Web site | Ask Us Controller |
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University Property:
Discussion: Equipment, material, supplies, land, buildings and related improvements purchased with any funds administered by the university, acquired from the State Department of Facilities Construction and Management or bequeathed or contributed to the university.
| Policy 3-040 | Security and Accountability for University Equipment | Grants Management Essentials Training | Ask Us Property |
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Unrelated Business Income Tax (UBIT):
Discussion: “Unrelated business income” is defined as gross income derived by an exempt organization, less certain deductions, from an activity which satisfies all of the following criteria:
- The activity is a trade or business;
- The trade or business is not substantially related to the organization’s exempt purpose; and
- The trade or business is regularly carried on.
- Federal and state income tax is imposed on an exempt organization’s unrelated business income at the corporate tax rate; this tax is referred to as the “unrelated business income tax” (i.e., UBIT).
| More Information | Ask Us Tax Services |
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Unused Airfare Ticket Credit (MCO):
Discussion: If a traveler does not use a portion or all of an airline ticket, a partial value of the ticket may be recovered. Airline companies vary in the way that they administer programs for refunds or exchanges, so you will need the help and advice of the agent who booked the ticket to apply unused value. Unused tickets should be rebooked within 6 months of the original booking date to avoid forfeiting the net value of the ticket.
Our OnSite Travel Agents have the most flexibility in minimizing the cost of unused tickets. When we book tickets for your department, travelers may choose a refundable State Contracted ticket when changes are probable.
Our OnSite Agents may also be able to transfer the net value of unused tickets (after exchange transaction and change penalty) to another traveler.
| Schedule of Allowable Rates | OnSite Travel Agency | State Contracted Airfare Rates | Step 1: Request Airfare Options | Step 2: Request “ON HOLD” Reservation | Step 3: Confirm Itinerary | Travel Services Training | Travel Planner Reservation Training | Ask Us Travel |
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UPAY:
Discussion: The Official University of Utah eCommerce application. UPay allows departments to accept on-line Payment Cards, All major. Payment Cards including Visa, MasterCard, Discover, and American Express. Also debit cards using a Visa or MasterCard logo. ATM cards without the logos are not considered Payment Cards…Payment Card Acceptance Processing payment cards through a Point of Sale machine or eCommerce program, as a method of payment for services rendered payments using Visa, MasterCard, American Express, and Discover. UMarket can be utilized as the gateway for processing the payments.
| eCommerce Dept Site | Credit Card Compliancy Ruld 07/18/08 | Policy 3-070 Payment Card Acceptance | eCommerce Definitions | eCommerce OnLine Learning (coming soon) | eCommerce Self Help Guides | eCommerce Forms | UPAY Credit Card Detail Help | Ask Us eCommerce |
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Utah State Tax:
| Utah State Tax Commission | University of Utah State Supplemental Withholding Form | Ask Us Tax Services |
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