{"code":"RTC","codeName":"Revenue and Taxation Code","section":"5718","citation":"Rev. & Tax. Code, § 5718","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 1. PROPERTY TAXATION [50. - 5911.]","url":"https://blackletter.si/revenue-and-taxation-code/division-1"},{"name":"PART 12. TAXATION OF RACEHORSES [5701. - 5790.]","url":"https://blackletter.si/revenue-and-taxation-code/division-1/part-12"},{"name":"CHAPTER 1. General Provisions and Definitions [5701. - 5720.6.]","url":"https://blackletter.si/revenue-and-taxation-code/division-1/part-12/chapter-1"}],"history":"Amended by Stats. 1972, Ch. 665.","effective":null,"html":"<p>“Nonactive racehorse” means any racehorse which has not participated in any horseracing contest on which parimutuel wagering was permitted during the previous calendar year, except a racehorse three years of age or younger.</p>","text":"“Nonactive racehorse” means any racehorse which has not participated in any horseracing contest on which parimutuel wagering was permitted during the previous calendar year, except a racehorse three years of age or younger.","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/general-provisions-and-definitions-5718","source":"California Legislative Information bulk export (pubinfo)"}