Prescription medications also usually escape sales tax, though non-prescription items often do not. Category Tax Status Notes Grocery Food Non-Taxable Unprepared food for home consumption.
Understanding Local Tax Jurisdiction Differences in New Mexico
Essentially, the state ensures that a purchase made online or out-of-state is not subject to a lower overall tax burden than an identical item bought locally. Service-based businesses must also be aware that while many professional services are exempt, the sale of tangible goods incidental to a service may still be taxed.
Understanding the Basics of New Mexico Sales Tax The New Mexico sales tax is imposed on the retail sale of tangible personal property and specific services. However, certain items are specifically exempt from taxation.
New Mexico Local Tax Jurisdiction Variance Across Counties and Cities
Establishing Economic Nexus in the Digital Age Recent changes in tax law have expanded the definition of what constitutes a presence in New Mexico. Groceries, for example, are generally not taxed, although prepared foods or hot foods purchased in a restaurant are typically taxable.
More About New mexico sales use tax
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