nondesignated university contribution

Defined in 1 place of the United States Code.

For purposes of this paragraph, the term “nondesignated university contribution” means any amount paid by a taxpayer to any qualified organization described in paragraph (6)(A)—

(i) for which a deduction was allowable under section 170, and

(ii) which was not taken into account—

(I) in computing the amount of the credit under this section (as in effect during the base period) during any taxable year in the base period, or

(II) as a basic research payment for purposes of this section.

Source

1994–present 26 U.S.C. § 41Internal Revenue Code · Credit for increasing research activities · for purposes of this section