California Laws - Revenue and Taxation Code
DIVISION 1. PROPERTY TAXATION
PART 12. TAXATION OF RACEHORSES

CHAPTER 2. IMPOSITION OF TAX (5721-5722) (6343)(1-click HTML)

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. (6344)

5722. The annual tax is imposed on and shall be paid by the owner on the following basis: (6345)

Age Age (6346)

12 13 (6347)

and and (6348)

younger older (6349)

STALLIONS (6350)

Stud fee classification (6351)

$10,000 and up................... $1,000 $650 (6352)

7,500 and up..................... 750 500 (6353)

5,000 and up..................... 500 330 (6354)

3,000 and up..................... 300 200 (6355)

1,500 and up..................... 150 100 (6356)

1,000 and up..................... 100 65 (6357)

Less than 1,000.................. 75 50 (6358)

BROODMARES (6359)

Stakes-winning producing......... (6360)

broodmares....................... 75 50 (6361)

Stakes-producing broodmares...... 75 50 (6362)

Other producing broodmares....... 40 28 (6363)

Stakes-winning nonproducing...... (6364)

broodmares....................... 35 25 (6365)

Other nonproducing............... (6366)

broodmares....................... 20 12 (6367)

ACTIVE RACEHORSES (6368)

Racehorses which in the previous (6369)

calendar (6370)

year earned: (6371)

$100,000 or more................. 150 (6372)

Between 50,000 and 99,999........ 100 (6373)

Between 25,000 and 49,999........ 60 (6374)

Less than 25,000................. 40 (6375)

OTHER RACEHORSES (6376)

Stakes yearlings, stakes two- (6377)

year-olds, 35 (6378)

stakes three-year-olds........... (6379)

Other yearlings, two-year-olds, (6380)

three-year-olds, andnonactive 20 (6381)

racehorses....................... (6382)

  

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