I can always transfer more if needed.To maintain the Agricultural exemption and extremely favorable tax status, i'd have to run a couple of cows on the property and let them graze. 

Why would there be exemption for Vermont.

The investment allowance is as follows:  Any investor can invest up to $10,000 within any 12-month period without restriction into private market investments.Eligible investors* can invest up to $30,000 annually without suitability advice from a licensed investment professional (an exempt market professional).Eligible investors* can invest up to $100,000 annually with suitability advice from an exempt market professional.

In Indy, taxes are 2% of assessed value, but homeowners can get an exemption to reduce it to 1%.

On the state side, in New York the law states that the following is exempt from transfer taxes: "a deed that effects a mere change of identity or form of ownership or organization but only to the extent that the beneficial ownership remains the same." 

Property owners are exempt from this, which allows folks to sell their own property without needing a license.I think where the controversy arises is what exactly constitutes ownership?

I was no exemption to this rule. 

@Todd WillhoiteThe changes you note apply to corporations in the tax exempt realm such as a 501(c)(3).  

We have a lot of experience as the lender in tax credit transactions, actually just finalized a 4% tax-exempt bond deal with our own debt.

I know the first $250k is tax exempt on a primary residence.