Monday, March 10, 2008

'Come Home To Oklahoma Act' Passes House

A measure to attract residents to rural Oklahoma passed the full House today.
House Bill 1678, the "Come Home to Oklahoma Act", by Rep. Jeff Hickman, would provide a five-year income tax exemption to anyone moving from out of state to a rural city or county in Oklahoma which has been losing population.
To qualify for the exemption, the new resident would have to purchase or build a single-family home in one of the 48 counties, or 43 cities in the remaining 29 counties, which have lost population since either the 1940 census or the 1990 census. This time frame captures areas of Oklahoma which had significant population losses after either the Industrial Revolution or the oil bust.

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