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From school supplies to clothing to computers, it’s all tax-free August 7-9, and it’s all waiting for you in Albuquerque! Make it a weekend getaway and shop the state’s biggest variety of retailers while saving some money. Be responsible and stay safe while visiting by wearing your mask and practicing social distancing!
The annual New Mexico Gross Receipts Tax Holiday is coming up soon, August 7-9, 2020. If you have school-age children, you know the value this weekend holds!
For one weekend each August, the state suspends collection of gross receipts tax on sales of qualifying items so you can buy the items tax free. Because many merchants also absorb the tax on a number of non-qualifying items, you are the beneficiary all around. During this time the law provides a deduction from gross receipts for retail sales of qualifying tangible personal property; in effect allowing the retailer to sell the items “tax free.”
Albuquerque is the perfect destination in New Mexico to take full advantage of this great deal. With hundreds of retailers conveniently located in multiple shopping centers throughout the city, Albuquerque is sure to have what you need for the back to school season. Whether the first day back is back in the classroom or on the screen, Albuquerque's multitude of stores has you covered for whatever you may need.
For a full List of Taxable and Non Taxable Items for New Mexico's Gross Receipts Tax Holiday, details on qualifications, and more specific information on the legislation, definitions, types of sales and more, please visit tax.newmexico.gov/tax-holiday.