- The Downtown Las Cruces Partnership and the Las Cruces Arts & Cultural District will once again bring the Ventanas Vivas Window Painting Contest downtown
- The tax holiday is for New Mexico-based businesses with no more than 10 employees
SANTA FE – Small Business Saturday is this weekend, and several state agencies are encouraging New Mexicans to ditch the big box stores, support local businesses and maybe even save a little money.
Small Business Saturday Tax Holiday
The New Mexico Department of Economic Development’s MainStreet program encourages New Mexicans to shop first at local small businesses during the giving season to keep dollars in the local economy. Connected MainStreet and Arts & Cultural Districts across the state host family-friendly events on Saturdays to bring visitors and locals downtown to eat, shop and play in the heart of their communities. More information is available at nmmainstreet.org.
New Mexicans who do their holiday shopping at New Mexico-based small businesses this Saturday will get the satisfaction of supporting their neighbors and saving a little money in the process, according to a joint news release from the New Mexico Department of Economic Development, Tourism and Taxation taxation and revenue.
The annual small business sabbatical begins at 12:01 a.m. on Saturday, November 26 and ends at midnight on the same day. For that one day, the state allows New Mexico-based businesses with no more than 10 employees to deduct gross receipts tax on sales of qualifying items. Businesses operating under a franchise agreement are not eligible for a tax holiday.
A wide variety of goods qualify for tax-free status – toys, games, electronics, books, sporting goods and more – as long as the cost is under $500 per item. Gift cards do not qualify.
“New Mexico’s Saturday gross receipts tax holiday is the perfect day to shop local and show love to our small business community, which is essential to our state’s continued success and economic growth,” said the Secretary of Economic Development Alicia J. Keyes.
“Especially at a time when families are struggling with inflation, it’s great to have this tax relief,” added Taxation and Revenue Minister Stephanie Chardin Clarke. “But other than that, I think it’s a great way for customers to get to know local businesses that they might not have shopped at before.”
Downtown Las Cruces Partnership kicks off the holiday shopping season
The Downtown Las Cruces Partnership was once again selected as an American Express Neighborhood Champion. DLCP is working with downtown businesses and the Las Cruces Farmers and Craft Market to launch Small Business Saturday.
The goal of the project is to draw attention to local businesses in Las Cruces, “by offering great shopping opportunities and a variety of products,” according to a news release. DLCP and the Las Cruces Arts and Cultural District are once again at the helm of “Ventanas Vivas.” Local artists and business owners come together to decorate 13 windows in the downtown and arts and culture district. Windows are currently being decorated as the center prepares for the season.
“We see Ventanas Vivas as a safe and fun way for families and friends to enjoy 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 feature painted scenes of caroling, snowmen, cozy coffee drinking, Santa and Nativity scenes. Susan Cabello, director of the Las Cruces Arts and Culture District, said the murals will be judged by the public through electronic voting. The QR code can be found at downtownlascruces.org starting November 26. Voting will continue until Monday, December 26, 2022.
Cabello said interest in this holiday activity has grown significantly over the past few years.
“I’ve been asked about this particular event all year,” Cabello added. “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 26 to greet shoppers and give away a giveaway for the Shop Small event.
Other ways to help small businesses
More information about this Saturday’s tax holiday, including a complete list of items eligible for the gross receipts tax deduction, is available on the Department of Taxation and Revenue website, tax.newmexico.gov, by going to the News & Alerts page and select “Small Tax holiday on a working Saturday.”
Another way for New Mexicans to support home-based businesses during the holiday season is to shop local through the Real New Mexico Certified Gift Guide.
“Our small businesses and entrepreneurs serve as the backbone of our economy and help us share our unique culture and heritage that makes us truly New Mexico. When people shop locally, they help ensure we can continue to support a vibrant community of makers and entrepreneurs,” said Tourism Minister Jen Paul Schroer.
The New Mexico True Gift Guide features nearly 100 products certified New Mexico True by local merchants, artists and entrepreneurs, including:
- Gift boxes
- Chilean products
- Snacks and refreshments
- Fine art
- Self-service products
- Board games