SB8

Exempts real property of surviving spouses of armed forces members who died in line of duty from taxes.

Virginia SB8 exempts real property of surviving spouses of armed forces members who died in the line of duty from real property taxes. The exemption applies to single-family homes, condominiums, town homes, manufactured homes, or other types of dwellings. The exemption applies if the property is held by the surviving spouse as a tenant for life, in a revocable inter vivos trust, or in an irrevocable trust under which the surviving spouse possesses a life estate. The exemption does not apply to leasehold interests.