NMSA 1978, § 7-9-95 — 7-9-95

Deduction; gross receipts tax; sales of certain tangible
personal property; limited period.
Receipts from the sale at retail of the following types of tangible personal property
may be deducted if the sale of the property occurs during the period beginning at 12:01
a.m. on the last Friday in July and ending at midnight on the following Sunday:

# A.

an article of clothing or footwear designed to be worn on or about the human
body if the sales price of the article is less than one hundred dollars ($100) except:
(1) any special clothing or footwear that is primarily designed for athletic
activity or protective use and that is not normally worn except when used for the athletic
activity or protective use for which it is designed; and
(2) accessories, including jewelry, handbags, luggage, umbrellas, wallets,
watches and similar items worn or carried on or about the human body, without regard
to whether worn on the body in a manner characteristic of clothing;

# B.

a desktop, laptop or notebook computer if the sales price of the computer does
not exceed one thousand dollars ($1,000) and any associated monitor, speaker or set of
speakers, printer, keyboard, microphone or mouse if the sales price of the device does
not exceed five hundred dollars ($500); and

# C.

school supplies that are items normally used by students in a standard classroom
for educational purposes, including notebooks, paper, writing instruments, crayons, art
supplies, rulers, book bags, backpacks, handheld calculators, maps and globes, but not
including watches, radios, compact disc players, headphones, sporting equipment,
portable or desktop telephones, copiers, office equipment, furniture or fixtures.