Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2013
Revenue and Taxation Code
Property Taxation
Part 12. Taxation of Racehorses
CHAPTER 2. Imposition of Tax
Section 5722
5722. Annual tax. The annual tax is imposed on and shall be paid by the owner on the following basis:
| Stallions | ||
|---|---|---|
| Stud fee classification | Age 12 and younger | Age 13 and older |
| $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 | ||
| Stud fee classification | Age 12 and younger | Age 13 and older |
| 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 |
History.—Stats. 1972, p. 1228, in effect August 10, 1972, revised the tax schedule.