2006 Code of Virginia § 58.1-3223 - Taxation of life tenant\'s interest when remainder held by United States
58.1-3223. Taxation of life tenant's interest when remainder held by UnitedStates.
The life tenant of any property, a remainder interest in which has beenacquired by the United States, shall receive a credit on his real estate taxeach year for any amount paid to the county, city or town in such years under 3 of Public Law 94-565 (31 U.S.C. 1603) on behalf of such property. Suchcredit shall not exceed the amount of tax on such property.
(Code 1950, 58-761.1; 1980, c. 290; 1984, c. 675.)
Disclaimer: These codes may not be the most recent version. Virginia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.