LegalFix
Sign In

NRS 231.14052 - Eligibility for certification: Determination of full-time equivalent employee.

NV Rev Stat § 231.14052 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

To determine whether an employee is a full-time equivalent employee pursuant to NRS 231.1405:

1. An owner of a business applying for certification as a local emerging small business must not be considered a full-time equivalent employee;

2. The period during which the full-time equivalency of an employee is determined must be based on the same period as the tax year for the business applying for certification as a local emerging small business; and

3. The hours worked by part-time and seasonal employees must be converted into full-time equivalent hours by dividing by 2,080 the total hours worked for the business applying for certification by all part-time and seasonal employees.

(Added to NRS by 2013, 3693) — (Substituted in revision for NRS 231.1406)

Previous Section
NRS 231.1405 - Eligibility for certification: General requirements.
Next Section
NRS 231.14055 - Application; certification and provision of information concerning financing programs for small businesses by Office of Economic Development; compilation and posting of list of certified businesses on Internet website.