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 | |