Section 5721.

5721. 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 […]

Section 5722.

5722. The annual tax is imposed on and shall be paid by the owner on the following basis: Age 12 Age 13 STALLIONS and younger and older 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 […]