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New Mexico Sales Tax Holidays for Small Businesses

New Mexico enacted a sales tax holiday for small businesses on Thanksgiving weekend in both 2018 and 2019. The "Small Business Saturday" tax holiday is available for any local business with no more than 10 employees.  This respite is available for 24 hours on the first Saturday after each Thanksgiving. On those days, specified items, such as clothing, video games, tools and books, which are priced at less than $500 and sold by qualifying business will be exempt from sales tax.