Around the State
New Tax Benefits Aid Employers
Two new tax benefits are now available to employers hiring workers who were previously unemployed or only working part time. The provisions are part of the Hiring Incentives to Restore Employment Act (HIRE). Employers who hire unemployed workers between Feb. 3 of this year and Jan. 1, 2011 may qualify for a 6.2 percent payroll tax incentive. Additionally, for each worker retained for at least a year, businesses may claim an additional general business tax credit of up to $1,000 per worker when they file their 2011 income tax.
Gas Price Spikes Affect Nevadans More than Most
Nevada ranks 35th most vulnerable in the United States to gas increases. If gas prices spike like they did in 2008, the percent of Nevada families’ income spent on gas would jump from 3.54 percent to 5.9 percent according to the Natural Resources Defense Council.
State Energy Office Seeks Renewable Energy Proposals
The Nevada State Office of Energy (NSOE) has issued a Request for Proposals for renewable energy projects. Applicants may apply for a minimum of $200,000 and a maximum of $1,645,000. Loan terms will be less than 15 years with an interest rate of three percent. For more information and full rules, contact the NSOE.
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