Va. Code § 10.1-1803

Current with changes from the 2024 legislative session through ch. 845

Section 10.1-1803 - Gifts, devises and bequests

Gifts, devises or bequests, whether personal or real property, and the income therefrom, accepted by the Foundation, shall be deemed to be gifts to the Commonwealth, which shall be exempt from all state and local taxes, and shall be regarded as the property of the Commonwealth for the purposes of all tax laws.

1966, c. 525, § 10-165; 1988, c. 891.

Amended by Acts 1988, § c. 891.

Amended by Acts 1966, § c. 525, § 10-165.