Cal. RTC § 5721
This is the official text of Cal. RTC § 5721, part of California’s Revenue and Taxation Code — governs state and local taxation, including income and property tax.
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Official statutory text
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.
Status: in_force · Read it on the official government site
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