New Mexico's 2023 back

Aug 16, 2023

by: Fallon Fischer

Posted: Jul 25, 2023 / 10:32 AM MDT

Updated: Aug 4, 2023 / 07:37 AM MDT

NEW MEXICO (KRQE) – New Mexico’s back-to-school tax-free holiday is almost here. The annual New Mexico Gross Receipts Tax Holiday will start at 12:01 a.m. on Friday, Aug. 4, and end on Sunday, Aug. 6 at midnight.

During the tax-free holiday, the state provides a deduction from gross receipts for retail sales of qualifying tangible personal property, allowing retailers to sell the items “tax-free.”

The FYI-203 Gross Receipts Tax Holiday document contains a list divided into categories, but there is a set dollar maximum in some categories. To qualify for the deduction:

Online, mail-order and telephone order purchases are eligible for the tax-free weekend if the items are both ordered and paid for during the tax-free weekend. The items also have to be billed to a New Mexico address.

FYI-203 Gross Receipts Tax Holiday

FYI-203 Gross Receipts Tax Holiday

FYI-203 Gross Receipts Tax Holiday

FYI-203 Gross Receipts Tax Holiday

For more information on the tax-free holiday, click here.

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