Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2011
 

Property Tax Rules

Title 18, Public Revenues California Code of Regulations

DIVISION 1. STATE BOARD OF EQUALIZATION

CHAPTER 1. STATE BOARD OF EQUALIZATION—PROPERTY TAX

Subchapter 12. Miscellaneous (1042–1099)

Rule 1046

Rule 1046. Horses Subject to Ad Valorem Taxation.

Reference: Part 12, Division 1, Revenue and Taxation Code, Sections 5703, 5710, 5711, Revenue and Taxation Code, and Sections 19409, 19413.5, 19416, 19416.5, 19416.7, Business and Professions Code.

A horse over three years of age, or over four years of age in the case of an Arabian horse, that, in the two previous calendar years, has neither participated in a horserace contest on which parimutuel wagering is permitted nor been used for breeding purposes in order to produce a racehorse eligible to participate in a horserace contest on which parimutuel wagering is permitted is not a racehorse within the meaning of Part 12 of Division 1 of the Revenue and Taxation Code. Any such horse is subject to ad valorem taxation unless otherwise exempt.

(a) A horse used for breeding purposes means a registered male animal that has serviced three or more registered females for the purpose of producing a racehorse during the two previous calendar years or a registered female animal that has been bred to a registered male for the purpose of producing a racehorse during the two previous calendar years.

(b) In order to qualify as a racehorse a horse must be registered or eligible to be registered with an agency recognized by the California Horse Racing Board. Agencies currently recognized are as follows:

Agency

The Jockey Club

The American Quarter Horse Association

The United States Trotting Association

The Appaloosa Horse Club

The Arabian Horse Registry of America

Breed

Thoroughbred

Quarter Horse

Standardbred

Appaloosa Horse

Arabian Horse

History: Adopted October 26, 1972, effective December 1, 1972.

Amended May 1, 1974, effective June 1, 1974.

Amended June 16, 1987, effective September 26, 1987.