New Mexico's tax holiday begins at 12:01 a.m. on the first Friday of August and concludes on the following Sunday at midnight.
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 “tax free.” To qualify for the deduction, clothing or shoes must be priced at less than $100 per unit. The price limit for desktop, laptop or notebook computers is $1,000, and for related computer hardware it is $500. School supplies for use in standard, general-education classrooms must be under $30 per unit. There are items specifically excluded by statute in all categories. Those items are always taxable.
Texas
This year’s Sales Tax Holiday is Aug. 8 - 10. As in previous years, the law exempts most clothing, footwear, school supplies and backpacks priced under $100 from sales and use taxes, which could save shoppers about $8 on every $100 they spend.
All sales of qualifying items made during the holiday period qualify for the exemption, including items sold online, or by telephone or mail. Lay-away plans can be used again this year to take advantage of the sales tax holiday.
This can be found on KVIA.com: KVIA Story Link
Happy Shopping!
Thanks for the tax weekend info! I'm in Fort Worth.
ReplyDeletejen :)
TeacherKarma.com
Thanks for stopping by! Shop 'til you drop in Fort Worth!
DeleteLaura
Hi Laura,
ReplyDeleteI found you through the Snowball like party on TPT. I got to looking at your blog and was wondering if you live in El Paso. EP is my hometown. Technically I was an army brat, my dad retired at Fort Bliss, but whenever we lived stateside it was always El Paso. I graduated from Parkland H.S.
I love your blog, and I'm following all of your sites you listed!
karen
Smarticle Particles
Hi, Karen. Thanks for checking out my blog. Yes, that how I get the "down river" in my name. I'm sure you had many adventures with your father's travels. Both of my grandfathers were stationed at Fort Bliss during WWII and were from different parts of the U.S. They both had the idea of retiring in the southwest and both choose to relocate their families. Picking a small town in New Mexico, they both began building their new life when my mother and fathers' paths crossed. I always think how funny it is that two different families did the same exact thing, about 10 years apart with the identical inspiration! Now...you know too much! I work for the same district that is associated with your high school! Thanks for your support!
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