California Revenue and Taxation Code Section 5718

CA Rev & Tax Code § 5718 (2017)  

“Nonactive racehorse” means any racehorse which has not participated in any horseracing contest on which parimutuel wagering was permitted during the previous calendar year, except a racehorse three years of age or younger.

(Amended by Stats. 1972, Ch. 665.)

Last modified: October 25, 2018