Tax holiday this weekend

To aid families in school shopping, the New Mexico Taxation and Revenue Department is suspending collection of gross receipts taxes on certain items this weekend.

The annual tax holiday runs 12:01 a.m. Friday and concludes midnight Sunday. The tax-free status is applied to computers $1,000 or less, computer hardware of $500 or less, clothing or shoes of less than $100 and school supplies $30 or less. Items specifically excluded by statute are available at tax.newmexico.gov.