Tax Exempt and UBIT

Tax Exempt:

As a public institution of higher education, the University of Colorado Colorado Springs is exempt by law, from all federal excise taxes and from all Colorado State and local government sales and use taxes when purchasing goods and/or services in the conduct of official University business. (IRS 48.4221-5 and C.R.S. 39-26-114(a) and 203) It is not required that governmental entities present a Colorado issued tax-exemption number in order to make a tax exempt purchase.

 

FEIN Number: 84-6000555
Federal Excise Tax Exemption Register Number: 84-730123K
 
State of Colorado
State Tax Exempt Number: 98-02565-0000
 
City of Colorado Springs
City License Number: E00001021

 

Additional Resources

PSC Tax Exempt Status: https://www.cu.edu/psc/tax-exempt-status-0

State of Colorado Certificate: https://www.cu.edu/psc/policies/state-colorado  pdf icon 

City of Colorado Springs Certificate: pdf icon


Unrelated Business Income Tax (UBIT):

If an exempt organization regularly carries on a trade or business not substantially related to its exempt purpose, except that it provides funds to carry out that purpose, the organization is subject to tax on its income from the unrelated trade or business.

Due to the recent tax reform to the UBIT reporting we are updating our processes and procedures, however, look at some broad guidelines published by the OUC:

https://www.cu.edu/controller/tax-code-changes-2018/unrelated-business-income-tax-ubit


 

 

Last Reviewed on 7/1/2018