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