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 3. Exemptions [5741- 5741.]
  ( Chapter 3 added by Stats. 1971, Ch. 1759. )

5741.
  

Foals born to a racehorse mare during the current calendar year shall be exempt from the tax imposed by this part or by any other part of this code.

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

RTCRevenue and Taxation Code - RTC