Tax Free Weekend 2024 Nm. This weekend is the state’s annual new mexico gross receipts tax holiday for new mexicans. Sales tax holidays, or sales tax free weekends, are politically expedient but poor tax policy.
While new mexico levies a gross receipts tax (similar to a sales tax) that businesses typically pass on to customers, the state offers two tax breaks in 2024. The tax holiday begins at the start of the day friday, aug.