### Question
How does NORMAL TAXES AND SURTAXES define exempt function income?


### Answer
Under *26 U.S.C. § 528*, **exempt function income** is defined as:

> any amount received as membership dues, fees, or assessments from—


(A) owners of condominium housing units in the case of a condominium management association, or


(B) owners of real property in the case of a residential real estate management association

#### Citation:
  - *26 U.S.C. § 528*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter F-Exempt Organizations > PART VII-CERTAIN HOMEOWNERS ASSOCIATIONS**

