{
  "id": "EXC_FIRST_TIME_FARMER_BOND",
  "name": "First-Time Farmer Land Acquisition Exception",
  "category": "deduction",
  "jurisdiction": "federal",
  "eligibility_type": "opportunity",
  "eligibility": {
    "description": "Applies to individuals who have not previously owned substantial farmland and will materially participate in the farm operation. Financing is limited to $450,000 (inflation-adjusted) for land and $62,500 for used equipment.",
    "requires_entity_type": null,
    "min_age": null,
    "max_age": null
  },
  "parameters": {},
  "entity_specific": false,
  "entity_types": null,
  "conflicts": [],
  "actionability": {
    "retroactive_status": "deadline_passed",
    "retroactive_note": "Action required during tax year — verify if still applicable",
    "forward_status": "available"
  },
  "description": "Allows the use of tax-exempt private activity bonds to finance the acquisition of farmland and used equipment for first-time farmers, bypassing the general 25% land acquisition limit.",
  "irc_reference": "IRC §147(c)(2)",
  "deadline": "",
  "savings_potential": "medium",
  "benefits": "individual",
  "discovered_by": "discovery_engine_v1",
  "calculator_implemented": false
}