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Code of Virginia (Last Updated:July 28, 2020) |
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TITLE 10.1. Conservation |
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SUBTITLE I. Activities Administered By the Department of Conservation and Recreation |
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CHAPTER 2. Parks and Recreation |
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ARTICLE 3. Virginia Natural Area Preserves Act |
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SECTION 10.1-217. Gifts, devises and bequests |
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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. 1989, c. 553. |