Fri. Oct 7th, 2022

SMALL BUSINESS SATURDAY MARKS FIRST TAX FREE HOLIDAY

NEW MEXICO (KSMX) – New Mexico will mark its first “Small Business Saturday” tax holiday this weekend. Gov. Susana Martinez made the announcement Wednesday, encouraging New Mexicans to support the state’s small businesses and use the tax-free day as an opportunity to save some money during the holidays. Under a law passed this year and signed by the governor, businesses with 10 employees or fewer can sell goods on the Saturday following Thanksgiving without charging gross receipts tax. The tax holiday covers sporting goods, clothing, artwork, musical instruments, furniture and more, as long as the cost does not exceed $500. The Clovis/Curry County Chamber of Commerce and Roosevelt County Chamber encourage residents to shop small this Saturday to support local neighbors and community this holiday season.

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