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New Hampshire’s proposed 3-3 Tax Savings Plan would create a 3% income tax with exemptions to fund schools, facing GOP opposition.
A new "3-3 Tax Savings Plan" proposed in New Hampshire on March 3, 2026, would impose a 3% state income tax with a $35,000 exemption and a $3 property tax per $1,000 of assessed value to generate about $2 billion annually for public schools.
The plan includes a $250,000 homestead exemption for homeowners, a $750 annual renter credit, and targeted funding for high-need students.
It aims to reduce reliance on local property taxes and address inequities in school funding, but faces strong opposition from Republican leaders who oppose any new broad-based tax, citing the state’s low-tax reputation.
The proposal is not yet a bill but serves as a policy blueprint for the 2026 election cycle.
El plan de ahorro de impuestos 3-3 propuesto por New Hampshire crearía un impuesto sobre la renta del 3% con exenciones para financiar escuelas, enfrentando la oposición del Partido Republicano.