NRS231.1406. Full-time equivalent employee: Determination. [Effective January 1, 2014.]

  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, effective January 1, 2014)