Nevada Unemployment Tax Rate Calculations to Exclude All Benefit Charges

By June 9, 2021June 10th, 2021COVID-19, News, Regional, Tax Implications

The Nevada Department of Employment, Training & Rehabilitation announced that unemployment tax rate calculations for 2022 are to exclude all unemployment benefits claimed during the second and third quarters of 2020 in a measure signed June 2, 2021 by Governor Steve Sisolak.

Under the measure (SB 75), unemployment benefits paid from April 1, 2020 to September 30, 2020 will not be charged to employers’ accounts for the purposes of computing the 2022 state unemployment tax rate.

This measure does NOT affect the 2021 unemployment tax rate computation.

The purpose of SB 75 is to curb a sharp increase in tax rates for calendar year 2022 and future years, thus allowing Nevada employers an opportunity to reinvest in their businesses after the COVID-19 pandemic.

As always, we will continue to monitor this situation and provide updates as they become available.  If there are any questions please do not hesitate to contact us or visit our website for the latest news and updates.

 

Josh Kendall

Author Josh Kendall

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