Nevada Employers Face Higher Unemployment Tax Rate - KTVN Channel 2 - Reno Tahoe News Weather, Video -

Nevada Employers Face Higher Unemployment Tax Rate

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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 (http://bit.ly/VqVCrm) the state Employment Security Council had little choice Tuesday but to advise raising the tax rate from 2% to 2.25% 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.

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Information from: Las Vegas Review-Journal, http://www.lvrj.com

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