"Active racehorse" means a racehorse which has participated in a horseracing contest on which parimutuel wagering was permitted during the previous calendar year.
Ca. Rev. and Tax. Code § 5717
"Active racehorse" means a racehorse which has participated in a horseracing contest on which parimutuel wagering was permitted during the previous calendar year.
Ca. Rev. and Tax. Code § 5717