“We want our children to start this school year off on the right foot,” said Governor Martinez.
“This tax-free weekend helps our families save money on much–needed supplies and clothes, so that students will be prepared to get back in the classroom. Not only is this good for families and children, it also benefits New Mexico businesses, so this is a win-win for all New Mexicans.”
From 12:01 a.m. Friday until midnight on Sunday (August 1st through 3rd), retailers will not be required to collect gross receipts tax (GRT) from customers on certain back to school necessities, such as school supplies, computers, and clothing. This exemption will enable more New Mexico families to ensure that their children are well prepared to resume school this fall. New Mexico taxpayers could save as much as $4 million dollars throughout the state over the course of the weekend.
Non-taxable items include:
- Clothing and footwear $100 and under
- School supplies such as pens, paper, and other classroom necessities $30 and under
- Computers $1,000 and under
- Various computer equipment $500 and under
The complete list can be viewed online here.
(Press release from the Office of Governor Susana Martinez)