{"id":19279,"global_id":"krtnradio.com\/wp?id=19279","global_id_lineage":["krtnradio.com\/wp?id=19279"],"author":"22","status":"publish","date":"2015-07-29 08:47:17","date_utc":"2015-07-29 14:47:17","modified":"2015-07-29 08:56:54","modified_utc":"2015-07-29 14:56:54","url":"https:\/\/krtnradio.com\/wp\/event\/new-mexico-back-to-school-tax-free-holiday\/","rest_url":"https:\/\/krtnradio.com\/wp\/wp-json\/tribe\/events\/v1\/events\/19279","title":"New Mexico Back to School Tax-Free Holiday","description":"
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Tax Holiday<\/h1>\n<\/div>\n
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Back to School\u00a0Tax Free Holiday<\/h2>\n

Coming soon to a retail store near you is the annual New Mexico Gross Receipts Tax Holiday.\u00a0This year it\u2019s August 7-9, and if you have school-age children, it\u2019s nothing short of a bonanza.\u00a0For that weekend 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.\u00a0<\/span><\/em><\/p>\n

The tax holiday begins at 12:01 a.m. on August 7, 2015 and concludes on August 9, 2015 at midnight.<\/span><\/em><\/p>\n

During that 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 \u201ctax free.\u201d\u00a0<\/span><\/em><\/p>\n

B-200.18, List of Taxable and Non Taxable\u00a0Items for New Mexico’s Gross Receipts Tax Holiday<\/a>\u00a0contains\u00a0list divided into categories, but please note that within some categories there is a set dollar maximum. To qualify for the deduction, clothing or shoes must be priced at less than $100\u00a0per unit. The price limit for desktop, laptop, tablets or notebook computers is $1,000,\u00a0and for related computer hardware it is\u00a0$500. School supplies for use in standard, general-education classrooms must be under $30\u00a0per unit. There are items specifically excluded by statute in all categories. Those items are always taxable.\u00a0\u00a0<\/span><\/em><\/p>\n

For more specific information on the legislation, definitions, types of sales, (rain checks, exchanges, refunds, gift cards, layaways, Internet, mail order and telephone sales) please see\u00a0FYI-203,Gross Receipts Tax Holiday<\/a>.<\/span><\/em><\/p>\n

\"Taxation<\/p>\n

1100 South St. Francis Drive\u00a0
Santa Fe, NM 87504
(505) 827-0700<\/p>\n

http:\/\/www.tax.newmexico.gov\/tax-holiday.aspx<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>","excerpt":"","slug":"new-mexico-back-to-school-tax-free-holiday","image":{"url":"https:\/\/krtnradio.com\/wp\/wp-content\/uploads\/2015\/07\/back-to-school-shopping-days.jpg","id":19281,"extension":"jpg","width":650,"height":309,"sizes":{"thumbnail":{"width":150,"height":150,"mime-type":"image\/jpeg","url":"https:\/\/krtnradio.com\/wp\/wp-content\/uploads\/2015\/07\/back-to-school-shopping-days-150x150.jpg"},"medium":{"width":400,"height":190,"mime-type":"image\/jpeg","url":"https:\/\/krtnradio.com\/wp\/wp-content\/uploads\/2015\/07\/back-to-school-shopping-days-400x190.jpg"},"slider-image":{"width":430,"height":300,"mime-type":"image\/jpeg","url":"https:\/\/krtnradio.com\/wp\/wp-content\/uploads\/2015\/07\/back-to-school-shopping-days-430x300.jpg"},"slider-thumb":{"width":70,"height":50,"mime-type":"image\/jpeg","url":"https:\/\/krtnradio.com\/wp\/wp-content\/uploads\/2015\/07\/back-to-school-shopping-days-70x50.jpg"},"carousel-thumb":{"width":190,"height":130,"mime-type":"image\/jpeg","url":"https:\/\/krtnradio.com\/wp\/wp-content\/uploads\/2015\/07\/back-to-school-shopping-days-190x130.jpg"},"wp-cpl-post-thumb":{"width":50,"height":50,"mime-type":"image\/jpeg","url":"https:\/\/krtnradio.com\/wp\/wp-content\/uploads\/2015\/07\/back-to-school-shopping-days-50x50.jpg"},"wp-cpl-sc-thumb":{"width":150,"height":150,"mime-type":"image\/jpeg","url":"https:\/\/krtnradio.com\/wp\/wp-content\/uploads\/2015\/07\/back-to-school-shopping-days-150x150.jpg"}}},"all_day":true,"start_date":"2015-08-07 00:00:00","start_date_details":{"year":"2015","month":"08","day":"07","hour":"00","minutes":"00","seconds":"00"},"end_date":"2015-08-09 23:59:59","end_date_details":{"year":"2015","month":"08","day":"09","hour":"23","minutes":"59","seconds":"59"},"utc_start_date":null,"utc_start_date_details":{"year":"1970","month":"01","day":"01","hour":"00","minutes":"00","seconds":"00"},"utc_end_date":null,"utc_end_date_details":{"year":"1970","month":"01","day":"01","hour":"00","minutes":"00","seconds":"00"},"timezone":"","timezone_abbr":"","cost":"","cost_details":{"currency_symbol":"$","currency_code":"","currency_position":"","values":[]},"website":"","show_map":true,"show_map_link":true,"hide_from_listings":false,"sticky":false,"featured":false,"categories":[{"name":"Meetings","slug":"meetings","term_group":0,"term_taxonomy_id":28,"taxonomy":"tribe_events_cat","description":"","parent":0,"count":3194,"filter":"raw","id":28,"urls":{"self":"https:\/\/krtnradio.com\/wp\/wp-json\/tribe\/events\/v1\/categories\/28","collection":"https:\/\/krtnradio.com\/wp\/wp-json\/tribe\/events\/v1\/categories"}}],"tags":[],"venue":[],"organizer":[],"json_ld":{"@context":"http:\/\/schema.org","@type":"Event","name":"New Mexico Back to School Tax-Free Holiday","description":"<p>Tax Holiday Back to School\u00a0Tax Free Holiday Coming soon to a retail store near you is the annual New Mexico Gross Receipts Tax Holiday.\u00a0This year it\u2019s August 7-9, and if you have school-age children, it\u2019s nothing short of a bonanza.\u00a0For that weekend the state suspends collection of gross receipts tax…<\/p>\\n","image":"https:\/\/krtnradio.com\/wp\/wp-content\/uploads\/2015\/07\/back-to-school-shopping-days.jpg","url":"https:\/\/krtnradio.com\/wp\/event\/new-mexico-back-to-school-tax-free-holiday\/","startDate":"2015-08-07T00:00:00-06:00","endDate":"2015-08-09T23:59:59-06:00","performer":"Organization"}}