New Mexico Sales Tax Holiday

New Mexico Sales Tax Holiday Dates

New Mexico offers a sales tax holiday from August 7th to August 9th in 2009. The New Mexico sales tax holiday is worth between 5 percent and 8.5625 percent in savings during this sales tax holiday event. The New Mexico sales tax holiday is limited to clothing which is less than $100, school supplies that cost less than $15, computers which sell for less than $1000 and other computer equipment which costs less than $500.

Sales tax holidays are promoted by individual states to encourage people to buy certain items and to help lower the overall costs of these items by waiving the state sales tax. One of the most common sales tax holidays is the “Back to School” sales tax holiday. This event usually takes place in late July or early August and allows people to buy a variety of school related items without paying state sales tax.

Another sales tax holiday that is slowly gaining popularity is the “energy efficient appliances” sales tax holiday. This event usually takes place in late autumn as people are getting prepared for winter and often involves EnergyStar or other low energy rated appliances.