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Code of Virginia (Last Updated:July 28, 2020) |
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TITLE 58.1. Taxation |
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SUBTITLE I. Taxes Administered By the Department of Taxation |
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CHAPTER 9. Virginia Estate Tax |
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ARTICLE 4. Recapture Tax on Certain Use-Valuations |
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SECTION 58.1-934. Purpose |
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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. Code 1950, § 58-238.38; 1981, c. 399; 1984, c. 675. |