El Paso
80° F

No tax on some purchases in NM starting today; Texas in two weeks

Published On: Aug 03 2012 01:23:06 PM CDT
Updated On: Feb 10 2014 02:06:52 PM CST

New Mexico shoppers receive a tax break on purchases of some clothing, shoes, school supplies and computers starting today and continuing through the weekend.

The state's annual tax-holiday is directed at shoppers with school-age children, but any customer benefits if they buy qualifying items at participating retailers.

No gross receipts tax is imposed on certain clothing and shoes up to $100, computers costing $1,000 or less, and computer hardware of $500 or less, such as printers. School supplies costing up to $15 are tax-free.

Cell phones, iPods, and MP3 players remain subject to taxation.

The tax rate tops 8 percent in some areas after local governments add on to the state's 5 percent levy.

The Taxation and Revenue Department's web site lists the tax treatment of various goods.

In Texas, shoppers get a break from state and local sales taxes Aug. 1719. Lay-away plans can be used again this year to take advantage of the sales tax holiday. For more information, click here.


The views expressed are not those of this company or its affiliated companies. Please note by clicking on "Post" you acknowledge that you have read the Terms Of Service and the comment you are posting is in compliance with such terms. 
blog comments powered by Disqus