La. Revenue and Taxation § 47:287.528

Current with changes from the 2024 legislative session effective on or before 7/1/2024, from Acts 2,3, 6-535, and 580-647

Section 47:287.528 - Homeowners' associations

A. A homeowner's association as defined under federal law shall be subject to taxation under this Part as provided in this Section.

B. A homeowner's association shall be taxed under this Part on its Louisiana taxable income.

C. For purposes of this Section:

(1) "Net income" means a homeowner's association taxable income determined in accordance with federal law applicable to homeowners' associations.

(2) "Gross income" and "deductions from gross income" have the same meaning herein as in federal law pertaining to homeowners' associations.

La. Revenue and Taxation § 47:287.528

Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.

Acts 1986, 1st Ex. Sess., No. 16, §1, eff. 12/24/1986.