Tax-free holiday weekend in progress
New Mexico’s tax-free holiday is this weekend.
Starting on Friday, Aug. 3, and running through Sunday, Aug. 5, consumers will have the opportunity to take advantage of paying no sales tax on certain items. This weekend is especially important for those with school-aged children, looking for back-to-school sales on supplies, electronics and new clothes.
Only some items are tax-exempt, however. The price of clothing and shoes must be less than $100 apiece, according to state’s Taxation and Revenue Department website. Electronics, like desktop and laptop computers, tablets and related hardware, must be less than $1,000. Also, the price limit for school supplies to be used in general classrooms is $30 per item.
Along with the many retailers in Albuquerque, local vendors participate in the sale of tax-exempt items.
Walmart knows the holiday is a real event and is looking to take advantage of it. Last year, the supermarket didn’t do so well in terms of tax-free sales, but they have plenty of clothes, electronics and school supplies.
Smith’s also offers school supplies and is participating in the tax-free weekend.
Two local clothing stores, Brownbilt Shoes and Western Wear and Jessie’s, are participating as well. Brownbilt gets pretty busy over the weekend. Boots, a Brownbilt staple, are also tax-free this weekend. Jessie’s will be closed Sunday.
Radio Shack offers some electronics included in the holiday, but they don’t get much traffic for the tax-exempt items.