taxes

Sales tax holiday in New Mexico

Sales Tax Holiday »

As New Mexico students prepare to head back to school, the Land of Enchantment is giving shoppers a break on sales taxes for certain items. See below for 2015 New Mexico tax holiday dates, tax-exempt items and notable rules and exceptions. Limits shown reflect cost per item.

Sales tax holiday in New Mexico

Tax holiday datesAug. 7-9
Tax-exemption items and price limits
  • School supplies: $30, $100 and $200 or less, depending on the type of supply
  • Clothing: $100 or less
  • Computer peripheral devices: $500 or less
  • Computers: $1,000 or less
Notable holiday rules, exceptions
  • Classroom materials in the $30 per item category include: notebooks, paper, pens, pencils, crayons, art supplies, staples, staplers, scissors and rulers.
  • School supplies for the $100 or less threshold include backpacks, maps and globes.
  • The $200 or less category covers hand-held calculators.

Source: NM Taxation & Revenue Department

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
WEEKLY TAX TIP NEWSLETTER

Our tax expert Kay Bell provides resourceful tips and advice to help you stay prepared for filing.

advertisement

Connect with us