As used in this chapter, unless the context clearly shows otherwise, the termor phrase:
"Decedent" means a deceased person.
"Federal credit" means the maximum amount of the credit for state deathtaxes allowable by § 2011 of the United States Internal Revenue Code of 1954,as amended or renumbered, or successor provision, in respect to a decedent'staxable estate. The term "maximum amount" shall be construed as to takefull advantage of such credit as the laws of the United States may allow.
"Gross estate" means "gross estate" as defined in § 2031 of the UnitedStates Internal Revenue Code of 1954, as amended or renumbered, or thesuccessor provision of the laws of the United States.
"Nonresident" means a decedent who was domiciled outside of theCommonwealth of Virginia at his death.
"Personal representative" means the personal representative of the estateof the decedent, appointed, qualified and acting within the Commonwealth, or,if there is no personal representative appointed, qualified and acting withinthe Commonwealth, then any person in actual or constructive possession of theVirginia gross estate of the decedent.
"Resident" means a decedent who was domiciled in the Commonwealth ofVirginia at his death.
"State" means any state, territory or possession of the United States andthe District of Columbia.
"Taxable estate" means "taxable estate" as defined in § 2051 of theUnited States Internal Revenue Code of 1954, as amended or renumbered, or thesuccessor provision of the laws of the United States.
"Value" means "value" as finally determined for federal estate taxpurposes under the laws of the United States relating to federal estate taxes.
Any reference in this chapter to the laws of the United States relating tofederal estate and gift taxes means the provisions of the Internal RevenueCode of 1954, and amendments thereto, and other provisions of the laws of theUnited States relating to federal estate and gift taxes, as the same may beor become effective at any time or from time to time.
(Code 1950, § 58-238.2; 1978, c. 838; 1981, c. 94; 1984, c. 675; 2006, Sp.Sess. I, cc. 4, 5.)
As used in this chapter, unless the context clearly shows otherwise, the termor phrase:
"Decedent" means a deceased person.
"Federal credit" means the maximum amount of the credit for state deathtaxes allowable by § 2011 of the United States Internal Revenue Code of 1954,as amended or renumbered, or successor provision, in respect to a decedent'staxable estate. The term "maximum amount" shall be construed as to takefull advantage of such credit as the laws of the United States may allow.
"Gross estate" means "gross estate" as defined in § 2031 of the UnitedStates Internal Revenue Code of 1954, as amended or renumbered, or thesuccessor provision of the laws of the United States.
"Nonresident" means a decedent who was domiciled outside of theCommonwealth of Virginia at his death.
"Personal representative" means the personal representative of the estateof the decedent, appointed, qualified and acting within the Commonwealth, or,if there is no personal representative appointed, qualified and acting withinthe Commonwealth, then any person in actual or constructive possession of theVirginia gross estate of the decedent.
"Resident" means a decedent who was domiciled in the Commonwealth ofVirginia at his death.
"State" means any state, territory or possession of the United States andthe District of Columbia.
"Taxable estate" means "taxable estate" as defined in § 2051 of theUnited States Internal Revenue Code of 1954, as amended or renumbered, or thesuccessor provision of the laws of the United States.
"Value" means "value" as finally determined for federal estate taxpurposes under the laws of the United States relating to federal estate taxes.
Any reference in this chapter to the laws of the United States relating tofederal estate and gift taxes means the provisions of the Internal RevenueCode of 1954, and amendments thereto, and other provisions of the laws of theUnited States relating to federal estate and gift taxes, as the same may beor become effective at any time or from time to time.
(Code 1950, § 58-238.2; 1978, c. 838; 1981, c. 94; 1984, c. 675; 2006, Sp.Sess. I, cc. 4, 5.)
As used in this chapter, unless the context clearly shows otherwise, the termor phrase:
"Decedent" means a deceased person.
"Federal credit" means the maximum amount of the credit for state deathtaxes allowable by § 2011 of the United States Internal Revenue Code of 1954,as amended or renumbered, or successor provision, in respect to a decedent'staxable estate. The term "maximum amount" shall be construed as to takefull advantage of such credit as the laws of the United States may allow.
"Gross estate" means "gross estate" as defined in § 2031 of the UnitedStates Internal Revenue Code of 1954, as amended or renumbered, or thesuccessor provision of the laws of the United States.
"Nonresident" means a decedent who was domiciled outside of theCommonwealth of Virginia at his death.
"Personal representative" means the personal representative of the estateof the decedent, appointed, qualified and acting within the Commonwealth, or,if there is no personal representative appointed, qualified and acting withinthe Commonwealth, then any person in actual or constructive possession of theVirginia gross estate of the decedent.
"Resident" means a decedent who was domiciled in the Commonwealth ofVirginia at his death.
"State" means any state, territory or possession of the United States andthe District of Columbia.
"Taxable estate" means "taxable estate" as defined in § 2051 of theUnited States Internal Revenue Code of 1954, as amended or renumbered, or thesuccessor provision of the laws of the United States.
"Value" means "value" as finally determined for federal estate taxpurposes under the laws of the United States relating to federal estate taxes.
Any reference in this chapter to the laws of the United States relating tofederal estate and gift taxes means the provisions of the Internal RevenueCode of 1954, and amendments thereto, and other provisions of the laws of theUnited States relating to federal estate and gift taxes, as the same may beor become effective at any time or from time to time.
(Code 1950, § 58-238.2; 1978, c. 838; 1981, c. 94; 1984, c. 675; 2006, Sp.Sess. I, cc. 4, 5.)
