REVENUE AND TAXATION CODE
SECTION 5721-5722
5721. For the 1973 calendar year and each calendar year thereafter,
on the privilege of breeding, training, caring for or racing a
racehorse in this state, there is hereby imposed an annual tax on
owners of racehorses for such racehorses domiciled in this state,
which shall be in lieu of any property tax on racehorses subject to
taxation pursuant to this part.
5722. The annual tax is imposed on and shall be paid by the owner
on the following basis:
Age 12 Age 13
STALLIONS and younger and older
Stud fee classification
$10,000 and up ........... $1,000 $650
7,500 and up ............. 750 500
5,000 and up ............. 500 330
3,000 and up ............. 300 200
1,500 and up ............. 150 100
1,000 and up ............. 100 65
Less than 1,000 .......... 75 50
BROODMARES
Stakes-winning producing
broodmares ............... 75 50
Stakes-producing
broodmares ............... 75 50
Other producing
broodmares ............... 40 28
Stakes-winning
nonproducing
broodmares ............... 35 25
Other nonproducing
broodmares ............... 20 12
ACTIVE RACEHORSES
Racehorses which in the
previous calendar year
earned:
$100,000 or more ......... 150
Between 50,000
and 99,999 ............... 100
Between 25,000
and 49,999 ............... 60
Less than 25,000 ......... 40
OTHER RACEHORSES
Stakes yearlings, stakes
two-year-olds, stakes
three-year-olds .......... 35
Other yearlings, two-year-
olds, three-year-olds, and
nonactive racehorses ..... 20
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