CHANGE BACK-TO-SCHOOL GRT WEEKEND

SB 76 proposes changing New Mexico's back-to-school tax deduction period from the first Friday in August to the last weekend in July. It also increases price limits for qualifying items: clothing and footwear from $100 to $150, computers from $1,000 to $1,500, and computer accessories from $500 to $750. The bill directly affects New Mexico residents purchasing school-related items like clothing, electronics, and supplies during the designated sales period. The bill was referred to committees but was postponed indefinitely on June 3, 2025, and is not currently active law.