New Mexico does not run a conventional sales tax. What lands on the receipt is the state's Gross Receipts Tax, owed by the store rather than the shopper, and the combined rate changes twice a year and varies by exact address once local option layers are added on top of the 4.875% base. For a store owner that means the number on your register has to track the state's own location code, not a single rate you can set once and forget.
Serving independent retailers across Albuquerque, Las Cruces, Rio Rancho, Santa Fe, Roswell, Farmington and the rest of New Mexico.
These are the settings an NM store has to get right. Storeveu ships with them in place rather than leaving them for you to build.
4.875% base rate
New Mexico taxes the seller's receipts rather than the buyer's purchase, so what shows on your receipt as sales tax is legally your Gross Receipts Tax, most stores still pass it through to the customer as a line item. The base rate is 4.875%, and the state resets rates twice a year, on January 1 and July 1. Storeveu's per-department tax rules keep taxable and exempt items ringing correctly on one receipt and get updated as the schedule changes.
5.1% to 10.875% combined, by location code
Municipalities, counties and some tribal jurisdictions may layer their own local option gross receipts tax on top of the state rate, and the combined figure is republished on the Department's location code schedule each January and July. Depending on the exact address, combined rates run from roughly 5.1% up to 10.875% in the highest special districts, so two stores a few miles apart can carry different rates. Storeveu sets a state-level rate every store inherits, with a per-store override so each location can carry its own combined rate off the schedule.
Set by the Lottery board, not published
The New Mexico Lottery Authority (NMLA) regulates lottery retailers, but state law leaves the retailer commission to the Lottery board's discretion rather than fixing a rate in statute, and NMLA does not publish one. Storeveu holds your own contracted figures instead of a number copied off the internet, and tracks lottery books through inventory, active, depleted and settled status with an end-of-shift ticket scan that works out tickets sold.
About 1 per 2,000 residents
Off-premise beer, wine and spirits sales need a quota-based Dispenser License from the Regulation and Licensing Department's Alcohol and Gaming Division, capped by statute at roughly one new licence per 2,000 residents. Only about 1,411 exist statewide, so most stores buy an existing licence on the secondary market rather than getting a new one issued. Age 21 applies to both alcohol and tobacco sales, and Storeveu prompts for date of birth at the register so clerks check age on every restricted sale.
The register is offline first. Sales keep ringing and sync the moment the connection returns.
Starter and Pro are billed per store with no long term contract and no early termination fee.
Every record is scoped to your organization and store, and access is gated by role.
A 15 to 20 minute walkthrough on a fully loaded store, with your state's tax, deposit and lottery rules already switched on. No contract, no pressure.
Takes 60 seconds. We reply within 2 hours.
Yes. New Mexico's Gross Receipts Tax is legally imposed on the seller's receipts, not the buyer's purchase, which is the opposite of how a conventional sales tax works. Most stores still pass it through to the customer as a line item on the receipt, but your store, not the shopper, is the party the state can come after for it. The rate is not fixed either, it changes twice a year, on January 1 and July 1, so a rate you set in the spring can be wrong by summer. Storeveu's per-department tax rules keep your combined rate current and let exempt items ring separately from taxable ones on one receipt.
Not if you claim it correctly. Under NMSA 7-9-92, a retail food store can deduct sales of food as defined by the federal SNAP program, meaning unprepared food meant for home consumption, from its gross receipts, and that deduction has to be separately stated on your GRT return. It does not cover prepared, ready-to-eat, restaurant-style or hot-case items, those are taxed at the full combined rate like any other retail sale. Storeveu's per-department tax rules let you split grocery and hot-food departments so each rings at the right rate on the same ticket.
No. New Mexico is not one of the ten states with a container deposit system, and container-deposit bills introduced in the Legislature in 2003, 2009 and 2011 have all failed to pass. That means no per-container charge, no covered-beverage list and no handling fee to track at the register, one less thing to configure than in a neighbouring deposit state.
Expect to buy one, not apply for a new one. New Mexico caps new Dispenser License issuance at roughly one per 2,000 residents under NMSA 60-6A-18, and with only about 1,411 quota licences in existence statewide, nearly every one a new store gets today comes from the private secondary market, often for $500,000 or more plus a $200 state transfer fee. A restaurant selling only beer and wine with meals may qualify for a cheaper restaurant licence instead. Every clerk who sells alcohol or checks ID, and every manager or owner, also has to complete New Mexico's approved Alcohol Server Education course. Storeveu's date-of-birth prompts at the register help clerks clear the age check every licence requires.
Plans start at $39/mo (Starter) and $129/mo (Pro) per store, billed month-to-month with no contract or early-termination fee. Most modules are add-ons you turn on per store, see the pricing page for the full list.
Yes. The register is offline-first, it keeps ringing sales with no internet and syncs automatically the moment the connection returns, so a dropped router never stops checkout.
No. Storeveu is month-to-month per store with no long-term contract and no early-termination fee, change tiers or cancel a store anytime.
No. Storeveu runs on standard Windows PCs with common receipt printers, cash drawers and PAX/Dejavoo terminals, bring your own, or buy the E15W dual-screen terminal.
Most stores go live in 1-3 weeks. The team imports your catalog and customer list from systems like Square, Clover, Lightspeed or Heartland, usually overnight.
Yes. Run multiple locations from one back office with per-store pricing and inventory, plus a five-tier role hierarchy and custom roles.
Every record is scoped to your organization and store, access is permission-gated by role, and one tenant can never see another’s data.
Book a free 15-20 minute guided demo on a fully-loaded store, no contract, no pressure. Use the contact page to pick a time, or call the sales line.
See how Storeveu replaces five systems with one platform.