New Mexico participates in an annual sales tax holiday, known as the “Back-to-School Sales Tax Holiday”. During this event, certain items, including clothing and footwear priced at less than $100 per item, are exempt from GRT.
This means that businesses selling qualifying items during the tax holiday do not need to collect GRT on those sales. Keep in mind that there are specific guidelines for what qualifies as exempt clothing and footwear, so it’s essential to review the rules provided by the New Mexico Taxation and Revenue Department.
Sales tax holidays are put in place to encourage Read More

















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