Taxation of life tenant's interest when remainder held by United States

Va. Code Ann. § 58.1-3223
in effect
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The life tenant of any property, a remainder interest in which has been acquired by the United States, shall receive a credit on his real estate tax each 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. Such credit shall not exceed the amount of tax on such property. Code 1950, § 58-761.1; 1980, c. 290; 1984, c. 675.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/58.1-3223/Fetched: 10/16/2026

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