Virginia Decodedhttps://vacode.org37264858.1-934Purpose2026TaxationTaxes Administered by the Department of TaxationVirginia Estate TaxRecapture Tax on Certain Use-Valuations

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.