California Revenue and Taxation Code CHAPTER 1 - General Provisions and Definitions

• Section 5701.
  The Legislature finds that subjecting racehorses to the general property tax has resulted in a serious lack of uniformity as between one county and another...
• Section 5702.
  Except where the context otherwise requires, the definitions given in this chapter govern the construction of this part.(Added by Stats. 1971, Ch. 1759.)
• Section 5703.
  “Racehorse” means each live horse, including a stallion, mare, gelding, ridgeling, colt, filly, or foal, that is or will be eligible to participate in or...
• Section 5704.
  “Owner” means the owner of a racehorse or his agent. Any other person claiming, possessing or controlling a racehorse shall provide the name and address...
• Section 5705.
  “Annual tax” means a tax that is imposed on the owner for any racehorse domiciled in the State of California.(Amended by Stats. 1972, Ch. 665.)
• Section 5706.
  “Current calendar year” means the yearly period from the first day of January to the last day of December, inclusive for which the tax is...
• Section 5707.
  “Previous calendar year” means the calendar year immediately preceding the calendar year for which the annual tax is imposed.(Repealed and added by Stats. 1972, Ch.
• Section 5710.
  “Stallion” means any racehorse which, during the two previous calendar years, has serviced three or more different broodmares for the purpose of producing a racehorse.(Amended...
• Section 5711.
  “Producing broodmare” means a racehorse mare which, during the previous calendar year, has produced a live foal.(Amended by Stats. 1972, Ch. 665.)
• Section 5712.
  “Nonproducing broodmare” means a racehorse mare which has not produced a live foal during the previous calendar year.(Amended by Stats. 1972, Ch. 665.)
• Section 5713.
  “Stakes-winning broodmare” means a broodmare which has won at any time during her life a race with a purse to which owners of participating horses...
• Section 5714.
  “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...
• Section 5715.
  “Stakes yearling”, “stakes two-year-old”, or “stakes three-year-old” means a racehorse of the designated age which was foaled by a stakes-winning or stakes-producing broodmare.(Amended by Stats....
• Section 5716.
  “Yearling” means a racehorse which was foaled during the previous calendar year.(Amended by Stats. 1972, Ch. 665.)
• Section 5716.5.
  “Foal” means a racehorse which is foaled during the current calendar year.(Added by Stats. 1972, Ch. 665.)
• Section 5717.
  “Active racehorse” means a racehorse which has participated in a horseracing contest on which parimutuel wagering was permitted during the previous calendar year.(Amended by Stats....
• Section 5718.
  “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...
• Section 5719.
  “Live foal” means a foal which has lived for a period of three days or more.(Added by Stats. 1971, Ch. 1759.)
• Section 5720.
  “Stud fee” is the sum of money charged by a stallion owner for the mating of his stallion to a broodmare.(Added by Stats. 1971, Ch.
• Section 5720.5.
  “Stud fee classification” will be determined by the highest stud fee charged for the mating of a mare to a stallion during the previous calendar...
• Section 5720.6.
  “Domicile” means:(a) The home ranch on January 1 of the current calendar year of the owner of a racehorse or other place where the horse is...

Last modified: October 22, 2018