Cal. Rev. & Tax. Code § 5722

Current through the 2024 Legislative Session.

Section 5722 - Imposition and payment of annual tax

The annual tax is imposed on and shall be paid by the owner on the following basis:

	Age 12	Age 13
STALLIONS	and younger	and older
Stud fee classification
$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
Stakes-winning producingbroodmares ........................	75	50
Stakes-producingbroodmares ........................	75	50
Other producingbroodmares ........................	40	28
Stakes-winning nonproducingbroodmares ........................	35	25
Other nonproducingbroodmares ........................	20	12
ACTIVE RACEHORSES
Racehorses which in theprevious calendar yearearned:
$100,000 or more ........................	150
Between 50,000and 99,999 ........................	100
Between 25,000and 49,999 ........................	60
Less than 25,000 ........................	40
OTHER RACEHORSES
Stakes yearlings, stakestwo-year-olds, stakesthree-year-olds ........................	35
Other yearlings, two-year-olds, three-year-olds, andnonactive racehorses ........................	20

Ca. Rev. and Tax. Code § 5722

Amended by Stats. 1972, Ch. 665.