Code of Virginia § 30-103.2. Return of gifts.
139 words·~1 min read·
/va/title-30/chapter-13/30-103-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No person shall be in violation of any provision of this chapter prohibiting the acceptance of a gift if the gift is not used by such person and the gift or its equivalent in money is returned to the donor or delivered to a charitable organization within a reasonable period of time upon the discovery of the value of the gift and is not claimed as a charitable contribution for federal income tax purposes or
(ii)consideration is given by the donee to the donor for the value of the gift within a reasonable period of time upon the discovery of the value of the gift provided that such consideration reduces the value of the gift to an amount not in excess of $100 as provided in subsection B of § 30-103.1 .
2015, cc. 763 , 777 .