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 Back to School No Tax Holiday Info (currently 1,179 views) |
| vicki |
| Posted on: July 20th, 2005, 2:55am |
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Guest User
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Info from
http://www.state.nm.us/tax/
Back To School
New Mexico
Gross Receipts Tax Holiday
August 5 -7, 2005
New Mexico shoppers will get a break on state and local taxes on August 5-7 – during
the state’s first “Back to School” gross receipts tax holiday. Nontaxable items include:
clothing and footwear under $100, school supplies such as pens and paper - that are
typically used in a classroom setting - computers under $1,000, assorted computer
equipment under $500.
Excluded from the tax holiday are accessories such as watches, wallets, handbags
and a specific list of supplies such as sports equipment, or clothing specifically designed
for athletic wear.
Participation in the Back to School Gross Receipts Holiday is voluntary. Retailers
are not required to participate. If a retailer chooses not to participate - you will be
required to pay gross receipts tax on your purchases.
Below is a selected list of items that are not taxed during the tax holiday period.
For a complete list of items that are exempt from taxes during the tax holiday go to:
http://www.state.nm.us/tax and click on Tax Holiday item list.
Clothing, Footwear and Accessories
(Under $100)
Aerobic clothing
Baby clothes & diapers
Belts with and without buckles attached
Boots, general purpose
(winter, dress, cowboy)
Book bags
Camp clothing
Caps and hats, including sports
Coats and wraps
Dresses
Jeans
Jogging apparel
Neckties, scarves
Overshoes, rubber shoes
Pajamas
Pants
Raincoats
Shoes
Shirts
Sleepwear
Suits, slacks, jackets & sports coats
Under garments
Back to school Items
(Individual or unit (packaged items)
Under $15)
Assignment books
Art supplies
Backpack (for school)
Calculators
Chalk
Clipboards
Construction paper
Colored pencils
Compasses
Composition books
Crayons
Daily planner
Divider folders
Flash cards
Glue
Highlighters
Lunchboxes
Notebooks
Paper
Pens, pencils
Rulers, Scissors
Computers & Related Items
(Computers under $1000)
(Computer equipment under $500)
CDs (Blank)
Computer, desktop, laptop or notebook
Computer cables, hard drive and key board
Computer memory equipment (disks, jump drives)
Computer microphones & speakers
Computer modems & motherboards
Computer monitor
Computer mouse
Computer printer
Printer paper |
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| LadyJessica |
| Posted on: July 20th, 2005, 7:51pm |
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| Is there any way to know what retailers are participating in this? |
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Reply: 1 - 3 |
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| LisaSilva |
| Posted on: July 28th, 2005, 7:02pm |
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Guest User
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Hello Friends,
I was able to find out a few of the stores that have confirmed they will be participating. There are other stores, but they have not contacted the Taxation Dept. to let them know they will be participating. The stores that have contacted the Taxation Dept are:
Wal-mart
Office Depot
JCPenneys
Sam’s Club
Target
Dillards
Macys
Foleys
Sears
Mervyns
Best Buy
Hope this info is helpful to everyone.
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Reply: 2 - 3 |
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| LisaSilva |
| Posted on: August 6th, 2005, 12:17am |
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Guest User
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| Learning Is Fun is participating in this event. They have a long list of items that fall under the "no tax' for this weekend, however, books are not on the list. |
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