California Code
DIVISION 1 - PROPERTY TAXATION
PART 12 - TAXATION OF RACEHORSES

CHAPTER 1 - General Provisions and Definitions

Section 5701. - 5701. The Legislature finds that subjecting racehorses to the general...

Section 5702. - 5702. Except where the context otherwise requires, the definitions given...

Section 5703. - 5703. “Racehorse” means each live horse, including a stallion, mare,...

Section 5704. - 5704. “Owner” means the owner of a racehorse or his...

Section 5705. - 5705. “Annual tax” means a tax that is imposed on...

Section 5706. - 5706. “Current calendar year” means the yearly period from the...

Section 5707. - 5707. “Previous calendar year” means the calendar year immediately preceding...

Section 5710. - 5710. “Stallion” means any racehorse which, during the two previous...

Section 5711. - 5711. “Producing broodmare” means a racehorse mare which, during the...

Section 5712. - 5712. “Nonproducing broodmare” means a racehorse mare which has not...

Section 5713. - 5713. “Stakes-winning broodmare” means a broodmare which has won at...

Section 5714. - 5714. “Stakes-producing broodmare” means a broodmare which has produced at...

Section 5715. - 5715. “Stakes yearling”, “stakes two-year-old”, or “stakes three-year-old” means a...

Section 5716. - 5716. “Yearling” means a racehorse which was foaled during the...

Section 5716.5. - 5716.5. “Foal” means a racehorse which is foaled during the...

Section 5717. - 5717. “Active racehorse” means a racehorse which has participated in...

Section 5718. - 5718. “Nonactive racehorse” means any racehorse which has not participated...

Section 5719. - 5719. “Live foal” means a foal which has lived for...

Section 5720. - 5720. “Stud fee” is the sum of money charged by...

Section 5720.5. - 5720.5. “Stud fee classification” will be determined by the highest...

Section 5720.6. - 5720.6. “Domicile” means: (a) The home ranch on January 1...

CHAPTER 2 - Imposition of Tax

Section 5721. - 5721. For the 1973 calendar year and each calendar year...

Section 5722. - 5722. The annual tax is imposed on and shall be...

CHAPTER 3 - Exemptions

Section 5741. - 5741. Foals born to a racehorse mare during the current...

CHAPTER 4 - Collection

Section 5761. - 5761. The tax imposed pursuant to this part shall be...

Section 5762. - 5762. The tax imposed by this part shall become delinquent...

Section 5763. - 5763. A delinquent penalty of 6 percent shall attach at...

Section 5764. - 5764. If, in the opinion of the tax collector, the...

Section 5765. - 5765. (a) The assessor may perform audits of the books...

Section 5766. - 5766. The tax described in this part may be imposed...

Section 5767. - 5767. If any person required by Section 5782 to file...

Section 5768. - 5768. Upon request of the assessor, an owner of racehorses...

CHAPTER 5 - Administration

Section 5781. - 5781. The State Board of Equalization shall make such reasonable...

Section 5782. - 5782. On forms provided through the office of the assessor,...

Section 5783. - 5783. The auditor of the county in which a report...

Section 5790. - 5790. All proceeds derived from the tax, interest, and penalties...