Docket Room
SB 118·NM·senate

BACK-TO-SCHOOL TAX HOLIDAY PRICE LIMITS

IntroducedFiled Jan 23, 2026
Sponsor: Pope, Harold J., Jr.
Latest Action

action postponed indefinitely

Mar 24, 2026

Summary

The bill changes the state tax code so shoppers can claim a deduction for more expensive clothing, computers and related accessories bought during the back‑to‑school sales period. It lifts the clothing limit from $100 to $150, the computer limit from $1,000 to $1,500, and the accessory limit from $500 to $750. The change aims to let families save more on school‑related purchases.

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