Code of Virginia § 58.1-934. Purpose.
58 words·~1 min read·
/va/title-58-1/chapter-9/58-1-934A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.