Tax-free weekend starts this Friday
Posted at: 07/30/2013 6:55 PM
By: Joseph Lynch, KOB Eyewitness News 4
School starts in just a few weeks around New Mexico, but back to school shopping has already started and will really pick up this weekend, the state's 9th tax-free weekend.
On your mark, get set, shop! Starting at the stroke of midnight Friday morning, New Mexico families will get a break on back to school items. And according to New Mexico Governor Susana Martinez, there's going to be plenty that kids are going to need.
"They're going to need tennis shoes. They're going to need school shoes, clothing, pencils, paper, rulers all the things they need to be successful," Martinez said.
With so much to buy and so little time to get the tax-free savings, Marylisa Manduchi is counting on the crowds to be big. But saving money on things that you have to buy anyway, Manduchi says it's worth it.
"It's a big deal to me. To go to Target and get all the school supplies and the clothes. I save maybe $20 or $30 or more dollars," Manduchi said.
Manduchi said that she's always looking for bargains. This weekend's savings will be a nice boost to a single mom's budget.
"It does. I use coupons for everything and get good deals and every penny helps," Manduchi said.
Randy Sanchez has been the general manager at Coronado Center for 20 years. He says the tax-free holiday weekend ranks right up there with the Christmas shopping weekends. And lots of things are on sale on top of being tax-free.
"Seven percent may not sound like a lot, but the average family spends up to a thousand bucks during the back to school season and that's $70 that can be saved."
Tax rates vary around the state. In Bernalillo County, it's seven percent. But there are limits on what is tax-free. You won't pay gross receipts tax on school supplies under $30, or on clothing and shoes less than $100. Computers are tax-free up to $1,000.