Tax free time is upon us

-A A +A

But is it bonanza or baloney? Study questions whether it really helps

By Carol A. Clark

Coming this weekend to a retailer near you is the annual Gross Receipts Tax Holiday.

The back-to-school tax free event is worth between 5 percent and 8.5625 percent in savings and is limited to clothing costing less than $100, school supplies that cost less than $15, computers selling for less than $1,000 and other computer equipment with price tags of less than $500.

The tax holiday begins at 12:01 a.m. Friday and concludes at midnight Sunday and the New Mexico Taxation and Revenue Department calls it “nothing short of a bonanza” for parents with school-age children.

However, reviews are mixed as to whether this sales tax holiday has any real value.

Locally, CB Fox and Radio Shack are among retailers that embrace the practice. Aspen Copies & Office Supplies does not. Owners Dawn and James Cline opened their business in 1996 and have never participated in the annual event.

“It’s almost like it’s a gimmick to get people to go out and spend money,” James Cline said. “We don’t think it’s a big deal and since we’re not open on Saturday or Sunday anyway, we don’t participate.”

The tax holiday weekend is typically a busy one for CB Fox Department Store, David Volk said.

If you subscribe to the newspaper, you receive FREE access to all the exclusive content of the web site! Simply register to receive uninterrupted access to our award-winning and in-depth local online content!

Renew Current or Past Subscription / Register for Online Subscription

If you currently subscribe or have subscribed in the past to the Los Alamos Monitor, then simply find your account number on your mailing label and enter it below.

Click the question mark below to see where your account ID appears on your mailing label.

Newspaper Acct. ID:
Street Address:
(exactly as it appears on the label)

If you are a subscriber and you do not know your account ID or don't have a copy of your newspaper available that shows the information on the address label you can click continue below to search for your account.

New Subscription/30 Day Free Trial Account

If you are new to the award winning Los Alamos Monitor and wish to get a subscription or simply gain access to our online content then please enter your ZIP code below and continue to setup your account.

ZIP Code:

Create a limited access account.
Register to participate in community forums, post on the community calendar, blog etc. This registration does not give you full access to read our award winning content, etc.

The Los Alamos Monitor | lacirculation@lamonitor.com | 505-662-4185
256 DP Road, Los Alamos, NM 87544
Office Hours are 8:00 a.m. to 5:00 p.m., Monday through Friday