New Mexico's 2023 back

by: Fallon Fischer Posted: Jul 25, 2023 / 10:32 AM MDT Updated: Jul 31, 2023 / 10:03 AM MDT NEW MEXICO (KRQE) – New Mexico’s back-to-school tax-free holiday is almost here. The annual New Mexico Gross

by: Fallon Fischer

Posted: Jul 25, 2023 / 10:32 AM MDT

Updated: Jul 31, 2023 / 10:03 AM MDT

NEW MEXICO (KRQE) – New Mexico’s back-to-school tax-free holiday is almost here. The annual New Mexico Gross Receipts Tax Holiday will start at 12:01 a.m. on Friday, Aug. 4, and end on Sunday, Aug. 6 at midnight.

During the tax-free holiday, the state provides a deduction from gross receipts for retail sales of qualifying tangible personal property, allowing retailers to sell the items “tax-free.”

The FYI-203 Gross Receipts Tax Holiday document contains a list divided into categories, but there is a set dollar maximum in some categories. To qualify for the deduction:

Online, mail-order and telephone order purchases are eligible for the tax-free weekend if the items are both ordered and paid for during the tax-free weekend. The items also have to be billed to a New Mexico address.

FYI-203 Gross Receipts Tax Holiday

For more information on the tax-free holiday, click here.

Article of Clothing, Footwear and Accessories (less than $100)Computers (up to $1,000) and Computer-Related Items (up to $500)School Supplies (under $30) & Other School Items (applicable price limitations listed below)Other Items

Best Boxing Brands to Punch Up Your Game

Cairns European Sword Academy suit up in the tropics to keep medieval martial arts alive

News

New Mexico's 2023 back