New Mexico Enacts Thanksgiving Saturday Gross Receipts Holiday

On March 2, 2018, New Mexico Governor, Susana Martinez, signed House Bill 79 into law thereby establishing a one-day sales tax holiday on the Saturday following Thanksgiving. The holiday applies to sales of certain items of tangible personal property, provided the sales price is less than five hundred dollars ($500), the seller's primary place of business is in New Mexico and the seller employed no more than ten employees at any one time during the previous fiscal year.

 

Author

Erik Wallin

Erik Wallin is a Senior Tax Counsel on the Tax Research Team at Sovos Compliance. Erik has been with Sovos Compliance since 2011, and his main areas of focus are on U.S. Transaction Tax Law which includes special expertise in the taxation of technology and the taxation mechanisms that apply throughout the Colorado home rule jurisdictions. Erik is a member of the Massachusetts Bar, has a B.A. from York College of Pennsylvania, a J.D. from New England School of Law, and an LL.M. in Taxation from Boston University.
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