Va. Code § 10.1-217
Current with changes from the 2024 legislative session through ch. 845
Gifts, devises or bequests, whether personal or real property, and the income derived therefrom, accepted by the Director, shall be deemed as gifts to the Commonwealth, which shall be exempt from all state and local taxes, and shall be regarded as the property of the Commonwealth for the purposes of all tax laws.
Va. Code § 10.1-217