ALBUQUERQUE, New Mexico — Shoppers in New Mexico can expect to save this weekend on back-to-school purchases as the state conducts its annual tax holiday.
The Albuquerque Journal reports (http://bit.ly/1K5aCBF ) that the tax-free weekend, which is now in its 11th year, will start on Friday at midnight and end on midnight Sunday. The holiday offers consumers a break from gross-receipts tax on school-related items.
In Albuquerque, shoppers will save about $7 of every $100 spent on qualifying items, which include clothing, shoes, computers and classroom supplies.
According to state estimates, the tax holiday saved New Mexicans $3.4 million during fiscal year 2014.
Information from: Albuquerque Journal, http://www.abqjournal.com