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Is food exempt from sales tax in New Mexico?

Sales of grocery food are exempt from the sales tax in New Mexico.

What items are exempt from sales tax in New Mexico?

What is exempt from sales taxes in New Mexico? Clothing. 5% Groceries. EXEMPT. Prepared Food. 5% Prescription Drugs. 5% OTC Drugs. 5%

What is nm pit?

Everyone who is required to file a New Mexico personal income tax return must complete and file a form PIT-1, New Mexico Personal Income Tax Return. Depending upon your residency status and your own personal situation, you may need other forms and schedules.

Is there sales tax on clothing in New Mexico?

New Mexico sales tax details The New Mexico (NM) state sales tax rate is currently 5.125%.

What items are tax-exempt in New Mexico?

Sales Tax Exemptions in New Mexico Clothing. 5% Groceries. EXEMPT. Prepared Food. 5% Prescription Drugs. 5% OTC Drugs. 5%

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