SECTION 10.1-1024. Gifts and bequests to Foundation, CHAPTER 10.2. Virginia Land Conservation Foundation, SUBTITLE I. Activities Administered By the Department of Conservation and Recreation, TITLE 10.1. Conservation, Code of Virginia

Code of Virginia (Last Updated:July 28, 2020)

TITLE 10.1. Conservation

SUBTITLE I. Activities Administered By the Department of Conservation and Recreation

CHAPTER 10.2. Virginia Land Conservation Foundation

SECTION 10.1-1024. Gifts and bequests to Foundation

Gifts, devises and bequests of money, securities and other assets accepted by the Foundation, whether personal or real property, shall be deemed to be gifts to the Commonwealth, which shall be exempt from all state and local taxes and shall be regarded as property of the Commonwealth for the purposes of all tax laws.

1992, c. 426; 2000, c. 1053 .