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 5718

5718. "Nonactive racehorse." "Nonactive racehorse" means any racehorse which has not participated in any horseracing contest on which parimutuel wagering was permitted during the previous calendar year, except a racehorse three years of age or younger.

History.—Stats. 1972, p. 1228, in effect August 10, 1972, substituted "calendar" for "tax" and added ", except a racehorse three years of age or younger" after "year" in the first sentence.