Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2014
Revenue and Taxation Code
Part 12. Taxation of Racehorses
CHAPTER 4. Collection
5761. Due date. The tax imposed pursuant to this part shall be determined as of 12:01 a.m. January 1 of the calendar year for which it is imposed and shall be immediately due and payable to the tax collector of the county in which the racehorse is domiciled.
History.—Stats. 1972, p. 1229, in effect August 10, 1972, provided that the tax was to be determined as of 12:01 a.m. January 1 and that it immediately became due and payable.