CODE OF VIRGINIA

PURPOSE (§ 58.1-934)

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.

HISTORY: Code 1950, § 58-238.38; 1981, c. 399; 1984, c. 675.