I was thinking of that, but if the land is used for agricultural purposes, I suspect the feds would use that as an excuse to horn in. Granted the state could likely figure out some way around it, to provide them tax abatement, but that can get real deep, real fast, so I wouldn’t want to tie it to residential abatement.
Even as is, I can imagine federal litigation from corporations and speculators that want in on the deal. There are always scoundrels willing to exploit any opportunity to make a buck.