Nevada employers face higher unemployment tax rate
CARSON CITY, Nev. (AP) -- A state panel is recommending raising Nevada's unemployment tax rate so that employers pay $72 more a year per employee to help repay money the state borrowed from the federal government to pay benefits to laid-off workers.
The Las Vegas Review-Journal reports the state Employment Security Council had little choice Tuesday but to advise raising the tax rate from 2 percent to 2.25 percent on the first $26,900 of each of employees' wages.
The state Employment Security Division owes $681 million borrowed from the U.S. Department of Labor beginning in 2009.
Employment Security Division Administrator Renee Olson sets the actual rate in December.
The Review-Journal reports the move would raise to $705 per employee the amount that 36,000 employers in the state pay in state and federal unemployment taxes.
Information from: Las Vegas Review-Journal, http://www.lvrj.com