CHAMBER OF COMMERCE NEWS RELEASE
The tax holiday starts at 12:01 a.m. on Friday, Aug. 4, and ends on Sunday, Aug. 6 at midnight.
What items are tax exempt?
· Shoes and clothing that are less than $100.
· Computers that are less than $1000.
· Computer monitors, speakers, printers, keyboards, microphones, or mouse that are less than $500.
· School supplies students normally use in a standard classroom priced at $30 or less per item.
· E-Readers (if the model has computing functions such as word processing, spreadsheets, etc.)
· Tablet computers
· School backpacks less than $100
· Handheld calculators under $200
· Baby clothes & diapers
What items are excluded?
· Accessories, jewelry, watches.
· Clothing and shoes specifically designed for athletic activity or protection.
· Radios, compact disc players, headphones, sporting equipment, portable desktop telephones, video equipment, copiers, office equipment, furniture or fixtures.
· E-readers (if it only has Internet access and no other functions), PDAs, MP3 players, cassette players and recorders, cameras, books, CDs, DVDs, magazines, and other periodicals.
· Computer software.
· Musical instruments.
· All games, including video games, board games, computer games, and handheld gaming devices.
· Swimwear
· Hiking backpacks
What types of sales are tax exempt?
· Rain checks from a store that has run out of an item are tax exempt.
· If you put an item on layaway, it’s eligible for waived taxes only if final payment and delivery take place during tax free weekend.
· If you need to exchange an item bought during the tax free holiday for another item of the same price, the exchange is still tax free.
· If the exchange is of greater or lesser price than what you originally paid, it is subject to tax.
· Online sales if the item is both ordered and paid for during tax-free weekend and it’s billed to a New Mexico address.
Please shop local and support our small businesses this weekend!