Federally-subsidized royalty income
Defined in 1 place of the United States Code.
The term “Federally-subsidized royalty income” means any otherwise-regulatory-exempt royalty income if any Federal funds were used in the research, development, or creation of the patent, copyright, or other intellectual or intangible property from which such royalty income is derived.
Source
- 2026–present26 U.S.C. § 4968Internal Revenue Code · Excise tax based on investment income of private colleges and universities · for purposes of this section