Va. Code § 58.1-934

Current with changes from the 2024 legislative session through ch. 845

Section 58.1-934 - Purpose

The purpose of this article is to recapture the excess of the estate tax liability which would have been incurred had the special use valuation procedure not been used; in other words, the maximum additional recapture tax is the amount that the special valuation has saved the estate.

Va. Code § 58.1-934

Code 1950, § 58-238.38; 1981, c. 399; 1984, c. 675.

Amended by Acts 1984, c. 675.

Amended by Acts 1981, c. 399.