- The Downtown Las Cruces Partnership and the Las Cruces Arts & Cultural District are once again hosting the Ventanas Vivas downtown window painting contest
- The tax exemption applies to New Mexico resident companies with no more than 10 employees
SANTA FE — Small Business Saturday is this weekend, and several state agencies are encouraging New Mexicans to skip the big department stores, support local businesses, and maybe even save a little money.
Tax Free Saturday for Small Businesses
The Department of Economic Development’s New Mexico MainStreet program encourages New Mexicans to shop first from local small businesses during fundraising season to keep dollars in the local economy. Affiliated MainStreet and arts and culture districts across the state are hosting family-friendly events on Saturdays to bring visitors and locals downtown to eat, shop and play in the heart of their communities. Visit nmmainstreet.org for more information.
New Mexicans doing their Christmas shopping at small, New Mexico-based businesses this Saturday will have the satisfaction of supporting their neighbors and saving some money in the process, according to a joint release from the New Mexico Departments of Economic Development. Tourism and Taxes and Revenue.
The annual Saturday tax holiday for small businesses begins at 00:01 on Saturday 26 November and ends at midnight the same day. For that one day, the state allows New Mexico residents with no more than 10 employees to deduct gross receipts tax on sales of qualifying items. Businesses operating under a franchise agreement do not qualify for the tax exemption.
A variety of goods qualify for tax-free status—toys, games, electronics, books, sporting goods, and more—as long as the price is under $500 per item. Gift cards are not eligible.
“New Mexico’s Small Business Saturday Gross Receipts Tax Holiday is the perfect day to shop local and show our love for our small business community, which is essential to our state’s continued success and economic growth,” said Secretary Alicia J. Keyes for economic development.
“Especially at a time when families are struggling with inflation, it’s great to have these tax breaks available,” added Tax and Finance Minister Stephanie Schardin Clarke. “But beyond that, I think it’s a great way for customers to get acquainted with local businesses that they may not have shopped with before.”
Downtown Las Cruces Partnership opens holiday shopping season
Downtown Las Cruces Partnership was again voted American Express Neighborhood Champion. DLCP is partnering with downtown stores and the Las Cruces Farmers and Crafts Market to launch Small Business Saturday.
The goal of the project is to draw attention to local business in Las Cruces, “by offering great shopping and a variety of products,” according to a press release. DLCP and the Las Cruces Arts and Culture District are once again at the forefront of Ventanas Vivas. Local artists and business owners team up to decorate 13 window displays in downtown and the arts and culture district. Currently the windows are being decorated while downtown is being prepared for the season.
“We see Ventanas Vivas as a safe and fun way for families and friends to experience art, enjoy the holidays and visit their favorite downtown shops and restaurants,” said DLCP executive director Jennifer Garcia Kozlowski.
Now in its fourth year, the colorful pop-up murals include painted scenes of Christmas carols, snowmen, leisurely coffee, Santa Claus and nativity scenes. Susan Cabello, director of the Las Cruces Arts and Culture District, said the murals would be judged by the public through an electronic vote. The QR code will be available at downtownlascruces.org starting November 26th. Voting runs until Monday 26 December 2022.
Cabello said interest in this vacation activity has increased significantly in recent years.
“I’ve been asked about this particular event all year,” added Cabello. “There’s so much excitement and interest – it’s a real community-based activity.”
DLCP will have a table at the Las Cruces Farmer’s & Crafts Market on Saturday, November 26th to welcome shoppers and hand out Shop Small event swag.
Other ways to support small businesses
For more information about this Saturday’s tax holiday, including a complete list of items that qualify for the gross receipts tax deduction, visit the Department of Taxes and Revenue’s website, tax.newmexico.gov, by browsing the News & Alerts” and “Small tax-free holiday on business Saturdays.”
Another way for New Mexicans to support local businesses during the holiday season is to shop locally through the New Mexico True Certified Gift Guide.
“Our small businesses and entrepreneurs serve as the backbone of our economy and help us continue to share our unique culture and heritage that make us New Mexico True. When people shop locally, they help ensure we can continue to support a vibrant community of creators and entrepreneurs,” said Secretary of Tourism Jen Paul Schroer.
The New Mexico True Gift Guide features nearly 100 New Mexico True certified products from local retailers, artists and entrepreneurs including:
- gift box
- Chile products
- snacks and refreshments
- Self Care Products
- board games