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The huge jump in unemployment claims, a large bulk being unemployed Nevada casino workers, has run the state’s unemployment fund dry. free online slots new lake tahoe casino for sale (Image: Las Vegas Sun)Business has been good. Gross gaming revenue (GGR) has eclipsed the billion mark in each of the past six months. 5 casino parade point cook But a pending decision in the Carson capital stands to impede the recovery, some business owners argue. The Nevada Employment Security Council has proposed increasing the state’s unemployment insurance tax. The tax hike is part of an effort to replenish the state’s fund that distributed unemployment compensation to Nevadansblack hawk casino hotel deals who were put out of work during the pandemic. Nevada’s Employment Security Division and Department of Employment, Training, and Rehabilitation jointly held a virtual public meeting last Friday regarding the proposed unemployment insurance (UI) tax increase. Many business and community leaders spoke in opposition to the rate hike.

Key Insights and Expert Analysis

Tax Increase Too SoonNevada was one of the hardest-hit states by the pandemic, as its economy relies heavily on tourism and business travel. The state continues to lead the nation in unemployment, with approximately 7. 5 percent of Nevadans out of work in September. antena 3 live casino While that’s down from eight percent in April of this year, it remains considerably higher than the national average of 4. 8 percent. But some business leaders believe increasing the UI tax on employers now is too soon. thunder valley casino federal id number We are still facing challenges ahead of us as a state because of the pandemic. blackjack online legal Passing a tax increase at this time sends the wrong message to Nevada’s employers, who have struggled to keep their doors open and maintain employees,” declared Gina Bongiovi, chair of the Vegas Chamber.

The Nevada Employment Security Council has proposed increasing the UI tax from 1. 65 percent in 2021 to 2. online slots real money philippines 0 percent in 2022. The difference, the Vegas Chamber argues, would cost employers as much as 0 per employee in 2022. The US Bureau of Labor Statistics reports that as of September, Nevada’s leisure and hospitality sectors employed roughly 277,200 people. Now isblack hawk casino hotel deals not the time to increase taxes on employers — especially small businesses. wynn las vegas online casino free slot machines you can play Raging Bull Casino Latest Bonus Codes Cmgv This tax increase would apply to all businesses in Nevada that are required to pay the UI tax. R Online Gambling Twhl There is no small business exemption,” a Vegas Chamber statement declared.

“The COVID-19 pandemic is still creating challenges for many businesses, such as increased supply costs, delay of materials and products, labor shortages, and evolving health guidelines,” the commerce release continued. free casino slots wild panda “Additionally, the impact of the Delta variant is causing uncertainty that is slowing economic recovery. ”Nevada has been funding its unemployment claims with federal stimulus money made available through the CARES Act. The Nevada Employment Security Division must inform employers regarding the UI tax rate before January 1, 2022. UI Tax RatesStates vary in deciding how to levy an