Back to school: Shop tax-free this weekend in New Mexico
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ALBUQUERQUE, N.M. — Students start school very soon and this weekend will be a good opportunity to lessen back-to-school supplies costs.
The back-to-school tax holiday began Friday and runs through the end of Sunday. The holiday means gross-receipt taxes will be lifted, which will save shoppers from 5-to-9% tax on purchases.
Big box stores have stocked up on essentials ahead of this weekend.
“We’re really excited because we’re able to actually get in the hands of consumers more than a hundred items that are going to be under a dollar,” said Jay Sanders, a manager at Walmart, “so it kinda meets the needs of both the student and the parents or the person buying.”
Some of the eligible tax-free items include clothes and shoes sold for less than $100, computers under $1000, computer-related items under $500 and school supplies under $30. The tax exemption also counts for online shopping.
Students start school very soon and this weekend will be a good opportunity to lessen back-to-school supplies costs.
For more details, visit the Taxation & Revenue Department’s website.