North America

New Mexico Enacts Thanksgiving Saturday Gross Receipts Holiday

Erik Wallin
March 6, 2018

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.

 

Sign up for Email Updates

Stay up to date with the latest tax and compliance updates that may impact your business.

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.
Share This Post
See for yourself how the Sovos Compliance Cloud can meet your business' unique tax compliance challenges.
Start Here
© 2025 Sovos Compliance, LLC. All rights reserved.
Why Sovos?
Resources
About
Products
Indirect Tax Suite
Information Reporting and Withholding Suite
Specialty Products
Solutions
By Tax or Document Type
By Industry
By Team or Initiative
By Region