Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2014
 

Revenue and Taxation Code

Property Taxation

Part 12. Taxation of Racehorses

Chapter 1. General Provisions and Definitions

Section 5705

5705. "Annual tax." "Annual tax" means a tax that is imposed on the owner for any racehorse domiciled in the State of California.

History.—Stats. 1972, p. 1226, in effect August 10, 1972, substituted " 'Annual tax' means a tax that is imposed on the owner" for " 'Annual fee' means a fee that shall be paid by the owner" in the first sentence.