ATTENTION SHOPPERS,; TAX-FREE SAVINGS BEGIN TODAY, END SUNDAY.Byline: KATE NASH  Editing of this page by unregistered or newly registered users is currently disabled due to vandalism.
It's become an annual tradition: back-to-school shopping -- and saving. The state's tax holiday starts today and runs through Sunday. The holiday generally applies to school supplies and computers and related equipment, but includes other items such as baby clothes and diapers. Stores are not required to participate in the event, but a majority do in an effort to attract shoppers. You don't have to have kids or be going back to school yourself to take advantage of the savings. "Every year New Mexicans look forward to the back-to-school tax holiday and this year the anticipation is even higher as families struggle through the current economic climate," Gov. Bill Richardson  This article or section contains information about one or more candidates in an upcoming or ongoing election.Content may change as the election approaches. said in a statement. "The tax holiday is much-needed relief for families across New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). , allowing them to address their children's back-to-school needs without breaking their budgets." This is the fifth year of the holiday, during which shoppers save on gross-receipts taxes, charged on goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. in New Mexico. While the break from taxes helps shoppers, it leaves the state without some revenue each year. From 2005 to 2008, the state gave up $16.7 million in taxes, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Taxation and Revenue Department. Thirteen other states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). have tax holidays, according to the Federation of Tax Administrators. Contact Kate Nash at 986-3036 or knash@sfnewmexican.com. |
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