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
5721. Imposition of tax. For the 1973 calendar year and each calendar year thereafter, on the privilege of breeding, training, caring for or racing a racehorse in this state, there is hereby imposed an annual tax on owners of racehorses for such racehorses domiciled in this state, which shall be in lieu of any property tax on racehorses subject to taxation pursuant to this part.
History.—Stats. 1972, p. 1228, in effect August 10, 1972, substituted "1973 calendar" for " 1972–73 tax", "calendar year" for "tax year" , "tax on owners of racehorses for such racehorses" for "fee on such horses to be paid by racehorse owners for such racehorses" in the first sentence.
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.