What is the gross weight limit for a Light Sport Aircraft?
Yes, 1320 pounds is the regulatory Gross Takeoff Weight for Light Sport aircraft.
From the AOPA website:

Light sport aircraft are defined as simple, low-performance, low-energy aircraft that are limited to-
1,320 pounds maximum takeoff weight for aircraft not intended for operation on water; or
1,430 pounds maximum takeoff weight for aircraft intended for operation on water.