Form Boe-571-J - Annual Racehorse Tax Return (Page 3 of 3) in pdf

BOE-571-J (S2F) REV. 6 (8-06)

INSTRUCTIONS FOR COMPLETING THE ANNUAL RACEHORSE TAX RETURN

This return pertains only to racehorses which come within the following definition:

Racehorse means each live horse, including a stallion, mare, gelding, ridgeling, colt, filly, or foal, that is or will be eligible to participate in or produce

foals which will be eligible to participate in a horseracing contest in California wherein parimutuel racing is permitted under rules and regulations

prescribed by the California Horse Racing Board. The term does not include any horse over three years old, or over four years old in the case of an Arabian

horse, which, during the 24 months preceding the current calendar year, has not participated in a horserace contest on which parimutuel wagering is

permitted or has not been used for breeding purposes in order to provide racehorses. (See the section on Exemptions and Exclusions at the end of these

instructions.)

The following instructions are to be observed in completing the return. They are lettered to correspond with the letters on the face of the form.

NAME AND MAILING ADDRESS

NAME (PERSON OR CORPORA TION)

If the name is preprinted, check the spelling and correct any error. In the case of a proprietorship, enter that last name first, then the first name and

initial. Partnerships, joint owners, and syndicates must list the names and mailing addresses of all partners, joint owners, or syndicate members and

attach the list to this form. Corporation names should be complete so they will not be confused with fictitious or DBA (Doing Business As) names.

DBA OR FICTITIOUS NAME

Enter the DBA name under which you are operating in this county below the name of the proprietor, partnership, joint ownership, syndicate, or

corporation. This may be a ranch or stable name.

MAILING ADDRESS

Enter the mailing address of the legal entity shown above. This may be either a street address or a post office box number. It may differ from the

location of the horses. Include the city, st ate, and zip code.

LOCAL PHONE NUMBER

Enter the local phone number in this county where we may contact you or your authorized representative for information regarding the horses. If there is no local

phone number, enter the area code and number and name of the city where you may be called.

TYPE OF OWNERSHIP

Check the appropriate box. Each different syndicate is a separate legal business entity and must file a separate Annual Racehorse Tax Return for a racehorse or

racehorses that it owns as of 12:01 a.m. on January 1. The names of all syndicate members must be included with the return.

NAME, ADDRESS, AND PHONE NUMBER (INCLUDING AREA CODE) OF AUTHORIZED PERSON TO CONTACT FOR AN AUDIT

This may be the owner of the business, his or her accountant, or his or her tax representative. Also, enter the street address, city, state, and zip code where the

books and records are located; normally this will be the main office located in California, but in some instances it could be a location in another state.

Column A.

List by name all racehorses (if a horse is unnamed, so state) which are “domiciled” within this county and owned by you as of 12:01 a.m. on

January 1. If you own racehorses, which are domiciled in other California counties, file a separate return with the tax collector of each of those

counties (see S2B, instructions for Column G). File BOE-571-J1, Annual Report of Boarded Racehorses, if you boarded racehorses for others

at 12:01 a.m. on January 1; a copy of this form will be supplied on request. The domicile of a racehorse is the home ranch or other customary

location to which a horse is taken when not breeding or being bred, racing or in training to race. If you do not return racehorses to any such

location, their domicile is your own residence whether or not you have facilities for keeping horses at this location.

Column B.

Show each horse’s registration number. If a horse is not registered, so state.

Column C.

State the age of the horse as of January 1 of the current calendar year.

Column D.

Show each horse’s classification by entering the abbreviation for the category to which it belongs according to the following definitions:

Current calendar year means the calendar year in which this return is required to be filed.

Previous calendar year means the calendar year immediately preceding the one in which this return is required to be filed.

Stakes race means a race with a purse to which owners of participating horses have contributed nomination, entry, or starting fees or a recognized

stakes race in which all entrants raced by invitation.

Yearling means a racehorse born during the previous calendar year.

Foal means a racehorse born during the current calendar year (i.e., at or after 12:01 a.m. on January 1 of the year in which this r eturn is required to

be filed).

ABBRE-

VIATION

NAME AND DEFINITION OF CATEGORY

Stallion means a racehorse which, during the 24 months preceding the current calendar year, serviced three or more different broodmares for the

purpose of producing racehorses.

SWPB

Stakes-winning producing broodmare is a racehorse mare which both (1) won a stakes race at any time prior to January 1 of the current calendar

year and (2) during the previous calendar year produced a foal that lived 3 days or more.

SPB

Stakes-producing broodmare is a racehorse mare which, at any time prior to January 1 of the current calendar year , produced a racehorse that won

a stakes race at any time prior to January 1 of the current calendar year.

OPB

Other producing broodmare is a racehorse mare which (1) during the previous calendar year produced a foal that lived 3 days or more but (2) is not

a stakes-winning producing broodmare or a stakes-producing broodmare.

SWNB

Stakes-winning nonproducing broodmare means a racehorse mare which (1) won a stakes race at any time prior to January 1 of the current calendar

year and (2) during the preceding calendar year did not produce a foal that lived 3 days or more.

ONB

Other nonproducing broodmare means a racehorse mare which (1) has never won a stakes race prior to January 1 of the current calendar year and

(2) during the preceding calendar year did not produce a foal that lived 3 days or more.

Stakes yearling, stakes two-year old, or stakes three-year-old means a racehorse which, as of January 1 of the current calendar year (1) is of the

designated age, (2) is unraced, and (3) is a foal of a broodmare that, at any time prior to January 1 of the current calendar y ear either (a) won a

stakes race OR (b) produced a racehorse which, at any time prior to January 1 of the current calendar year, won a stakes race.

Other yearling, two-year-old, or three-year-old means a racehorse which as of January 1 of the current calendar year (1) is of the designated age, (2)

is unraced, and (3) is not a stakes yearling, stakes two-year-old, or stakes three-year-old.

Active racehorse means any racehorse that participated during the previous calendar year in a horseracing contest on which parimutuel wagering

was permitted.

NAR

Nonactive racehorse means a racehorse that (1) is four years of age or older and (2) has not participated during the previous calendar year in a

horseracing contest on which parimutuel wagering was permitted.