Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2013
 

Revenue and Taxation Code

Property Taxation

Part 12. Taxation of Racehorses

CHAPTER 3. Exemptions

Section 5741

5741. Foals. 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.

History.—Stats. 1972, p. 1229, in effect August 10, 1972, reflected the change from "tax quarters" to "calendar years."