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Tax free weekend in New Mexico begins at 12:01 a.m. on Friday, Aug. 2 and runs through Saturday, Aug. 4 at midnight. The gross receipt tax exception applies to eligible items in several categories ...
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The New Mexico Taxation and Revenue Department is the state agency responsible for collecting and distributing governmental revenue in New Mexico [2] and administering the state's motor vehicle code. See also
The holiday, enacted in 2005, takes place the first weekend of August each year and allows people to purchase items like laptops, clothes and shoes without the addition of gross receipts tax. New ...
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With back-to-school shopping just around the corner, many states are offering tax-free shopping days or weekends. Alabama kicks off its three-day tax holiday starting July 16, with 16 other states ...
Corporations that generate income from activities or sources in New Mexico and that are required to file federal income tax returns as corporations must pay corporate income tax to the state. [14] Corporate income is taxed at the rate of 4.8% for the first $500,000, 6.4% for the next $500,000 (up to total income of $1 million), and 7.6% for ...