Code Section Group

Revenue and Taxation Code - RTC

DIVISION 1. PROPERTY TAXATION [50 - 5911]

  ( Division 1 enacted by Stats. 1939, Ch. 154. )

PART 12. TAXATION OF RACEHORSES [5701 - 5790]

  ( Part 12 added by Stats. 1971, Ch. 1759. )

CHAPTER 2. Imposition of Tax [5721 - 5722]
  ( Chapter 2 added by Stats. 1971, Ch. 1759. )

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.

(Amended by Stats. 1972, Ch. 665.)

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

(Amended by Stats. 1972, Ch. 665.)

RTCRevenue and Taxation Code - RTC