California Revenue and Taxation Code Section 5714

CA Rev & Tax Code § 5714 (2017)  

“Stakes-producing broodmare” means a broodmare which has produced at any time during her life a racehorse which has won a race with a purse to which owners of participating horses have contributed nomination, entry, or starting fees or a recognized stakes race in which all entrants raced by invitation.

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

Last modified: October 25, 2018