When Is Tax Free Weekend 2024 New Mexico. The 2024 sale tax holiday begins friday, aug. The annual gross receipts tax holiday is the first weekend of august from 12:01 a.m.
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. During that time the law provides a deduction from gross receipts for retail sales of qualifying tangible personal property;