Governor Susana Martinez Announces First Ever Small Business Saturday Tax Holiday
SANTA FE, NM — Today, Governor Susana Martinez announced the first ever Small Business Saturday tax holiday. This Saturday, businesses with 10 employees or less, and franchises, can sell goods without charging Gross Receipts Tax. Governor Martinez signed the tax holiday into law in March of 2018. The tax holiday is on November 24.
“I’m proud to announce the first-ever tax-free Small Business Saturday, in New Mexico,” said Governor Susana Martinez. “Get out and support your local small businesses and use this opportunity to save a few bucks when money is tight around the holidays.”
The tax-free day covers sporting goods, clothing, artwork, musical instruments, furniture and more – as long as the cost does not exceed $500.
To find out more about Small Business Saturday tax holiday, visit:https://tax.newmexico.gov/small-business-saturday.aspx