5721-5722

REVENUE AND TAXATION CODE
SECTION 5721-5722




5721.  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.



5722.  The annual tax is imposed on and shall be paid by the owner
on the following basis:

                                      Age      Age
                                       12       13
                                      and      and
                                    younger   older
  STALLIONS
  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 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,                           35
  stakes three-year-olds...........
  Other yearlings, two-year-olds,
  three-year-olds, andnonactive        20
  racehorses.......................