Give an example of a beneficial effect of mutation. Mutation often produce proteins with new or altered function that can be useful to organisms in different or changing environments. For example, mutations have helped many insects resist chemical pesticides.
Generally, HOAs are exempt from state and federal income taxes if: 1  Most of its HOA units are used by individuals as residences. 2  It's organized and operated to buy, build, manage, maintain, and care for HOA property. 3  At least 60% of its gross income for the taxable year comes from HOA membership dues, fees, or assessments.
Best Answer: I've never heard of an HOA covering property taxes before, but.... Mortgage interest and property taxes are deductible IF you itemize deductions. Renting out one room of the house makes most expenses (partially) deductible, to the extent of gross rental income. just now. Report Abuse. Only the portion of the HOA fee that represents the property taxes on YOUR unit is deductible. Normally your property taxes are not included in HOA fees and the portion that represents the taxes on the common areas isn't deductible by you.