La. R.S. 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.