Yeah, that's totally a hoax. This one, however, is not:

Effective February 1, 2008:

a) persons owning a home with living space exceeding 3000 square feet must convert said home into a duplex, the smaller half of which must not be less than 1000 square feet.

b. persons owning residentially-zoned land exceeding 1 acre in size must subdivide it into as many half-acre plots as possible.

This legislation is necessary to accommodate the projected influx of immigrants from Mexico and Central America once the President declares himself dictator and grants amnesty to illegal immigrants currently working in the country.