Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2013
 

Revenue and Taxation Code

Property Taxation

Part 12. Taxation of Racehorses

CHAPTER 5. Administration

Section 5790

5790. Allocation. All proceeds derived from the tax, interest, and penalties imposed by this part shall be allocated by the auditor as promptly as is feasible in the following manner:

(a) If the domicile of the racehorse was located within a city and any school district, the proceeds from such racehorse shall be distributed one-third to the city, one-third to the school district, and one-third to the county.

(b) If the domicile of the racehorse was located outside of any city but was located within one or more school districts, the proceeds from such racehorse shall be distributed one-half to the school district or districts and one-half to the county.

(c) If the domicile of the racehorse was located in both an elementary school district and a high school district, the proceeds allocable to school districts shall be divided equally between the elementary and high school districts to the exclusion of all other school districts.

The details of the method of allocation shall be supplied by the county auditor and shall fairly carry out the purposes of this section.

History.—Stats. 1972, p. 1231, in effect August 10, 1972, added ", interest, and penalties" to the first sentence of the first paragraph and substituted "domicile of the racehorse" for "taxable situs of the racehorse as defined in Section 5723" in subdivisions (a), (b) and (c). Stats. 1980, Ch. 285, in effect June 30, 1980, operative July 1, 1980, renumbered Section 5801 as 5790 and deleted "shall be approved by the board of supervisors" after "auditor" in the first sentence of the second paragraph of subdivision (c).

Note.—Stats. 1971, p. 3803, provided that money allocated pursuant to this section to any county, city and county, or city may be used for county, city and county, or city purposes, as the case may be.

Note.—Section 22 of Stats. 1980, Ch. 285, provided no payment by state to local governments because of this act.