California Revenue and Taxation Code 5722 – The annual tax is imposed on and shall be paid by the owner on the …
The annual tax is imposed on and shall be paid by the owner on the following basis:
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Age 12 |
Age 13 |
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STALLIONS |
and younger |
and older |
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Stud fee classification |
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$10,000 and up …………………… |
$1,000 |
$650 |
|
7,500 and up …………………… |
? 750 |
500 |
|
5,000 and up …………………… |
? 500 |
330 |
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3,000 and up …………………… |
? 300 |
200 |
|
1,500 and up …………………… |
? 150 |
100 |
|
1,000 and up …………………… |
? 100 |
65 |
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Less than 1,000 …………………… |
? 75 |
50 |
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BROODMARES |
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Stakes-winning producing broodmares …………………… |
? 75 |
50 |
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Stakes-producing broodmares …………………… |
? 75 |
50 |
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Other producing broodmares …………………… |
? 40 |
28 |
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Stakes-winning nonproducing broodmares …………………… |
? 35 |
25 |
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Other nonproducing broodmares …………………… |
? 20 |
12 |
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ACTIVE RACEHORSES |
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Racehorses which in the previous calendar year earned: |
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$100,000 or more …………………… |
? 150 |
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Between 50,000 and 99,999 …………………… |
? 100 |
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Between 25,000 and 49,999 …………………… |
? 60 |
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Less than 25,000 …………………… |
? 40 |
|
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OTHER RACEHORSES |
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Stakes yearlings, stakes two-year-olds, stakes three-year-olds …………………… |
? 35 |
|
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Other yearlings, two-year- olds, three-year-olds, and nonactive racehorses …………………… |
? 20 |
(Amended by Stats. 1972, Ch. 665.)