Taxation of RacehorsesExemptions

Section § 5741

Explanation

If a foal is born from a racehorse mare in the current year, it doesn't have to pay the taxes that would normally apply under this code.

Foals born to a racehorse mare during the current calendar year shall be exempt from the tax imposed by this part or by any other part of this code.
foals racehorse mare current calendar year ...