2005 California Revenue and Taxation Code Sections 5721-5722 CHAPTER 2. IMPOSITION OF TAX

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