New Mexico Taxation and Revenue Department
B-200.18, rev. 7/09
LIST of TAXABLE and NONTAXABLE ITEMS
NEW MEXICO’S GROSS RECEIPTS TAX HOLIDAY
This bulletin contains a list, intended as general guidance and by no means all-inclusive, of
both taxable and nontaxable items for quick reference by retailers taking part in the gross receipts
tax holiday during the first weekend of August.
The 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.”
The attached list is divided into categories, but please note that within some categories there is a
set dollar maximum. 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 $15 per unit. There are items specifically excluded by statute in all categories.
Those items are always taxable.
For more specific information on the legislation, definitions, types of sales, (rain checks,
exchanges, refunds, gift cards, layaways, Internet, mail order and telephone sales) please see
FYI-203, Gross Receipts Tax Holiday available on the Taxation and Revenue Department web
site at www.tax.state.nm.us/.
This information is as accurate as possible at time of publication. Subsequent legislation, new state
regulations and case law may affect its accuracy. For the latest information please check the Taxation and
Revenue Department’s web site at www.tax.state.nm.us/.
B-200.18, rev. 7/09
Local state tax offices offer full service and information about New Mexico’s taxes, tax programs,
forms, and specific information about your filing