California Revenue And Taxation Code Section 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