§ 58.1-3223. Taxation of life tenant's interest when remainder held by United States
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.)
Sections: Previous 58.1-3220.01 58.1-3220.1 58.1-3221 58.1-3221.1 58.1-3221.2 58.1-3221.3 58.1-3222 58.1-3223 58.1-3224 58.1-3225 58.1-3226 58.1-3226.1 58.1-3227 58.1-3228 58.1-3229 NextLast modified: April 3, 2009