Las Vegas Sun

July 27, 2014

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Nevada businesses could see hike in state unemployment insurance tax

CARSON CITY — Nevada businesses could be hit with a higher state unemployment insurance tax in 2013.

The state Employment Security Council has recommended the average tax go from 2 percent to 2.25 percent, an increase of $67 per worker.

The final rate will be set in December, taking into account the recommendation of the council.

The state council, during a four-hour meeting, was presented with myriad options, including boosting the state rate to 3 percent.

A representative of the Las Vegas Chamber of Commerce urged the council to take a modest approach and “make a step forward.”

Jim Nelson of the Nevada Association of Employers suggested maintaining the same level of 2 percent. “I don’t see how raising the rate creates more jobs,” he said.

Nevada leads the nation in unemployment in the 12 percent range. Chief Economist Bill Anderson expects it to decrease to 11.8 percent next year and to 10 percent in 2014.

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