Tax breaks awarded to expanding LV firms

Thursday, Jan. 3, 2002 | 11:17 a.m.

The Nevada Commission on Economic Development awarded more than $710,000 in tax breaks to two health care services companies expanding in the Las Vegas Valley.

The largest break, for nearly $384,000, was awarded to HSS Systems LLC. The company's office will service patient accounts for hospital operator HCA-The Healthcare Co.

The new center will employ 142 people at an average wage of $18.28 per hour -- well above the $15.09 average hourly state wage used to determine if a company qualifies for tax incentives. HSS will receive a sales and use tax abatement of $258,456, a business tax abatement of $28,400, and a property tax abatement estimated at $97,000 over the next 10 years.

The commission also awarded incentives worth $326,409 to the Griffin Group Inc., a subsidiary of Cardinal Health Inc. Griffin is adding 32 jobs to its service and financial processing center in Las Vegas, which will give the center a total of 75 jobs. The new jobs will pay an average wage of $16.29 per hour.

Griffin received a sales and use tax abatement of $182,429, a business tax abatement of $6,400 and a property tax abatement estimated at $68,000. The company also had $69,520 in sales and use taxes deferred.