The State of Nevada has issued special revenue bonds for the purpose of repaying federal loans needed to pay unemployment benefits. Employers subject to Nevada unemployment insurance (UI) taxes will be required to pay a quarterly bond tax to cover the principal, interest, and administrative payments on these bonds.
These bond contributions are being specifically collected to repay the bonds issued by the State of Nevada, through the State Treasurer.
The collection of bond contributions began with the first quarter 2014, with a due date of April 30, 2014 and will continue to be collected quarterly from employers until the bonds are fully repaid in late 2017 or early 2018.
All forms and contribution payments are due no later than the last day of the month following the end of the quarter. The default dates for this are April 30, July 31, October 31, and January 31.
Bond contributions are considered separate from unemployment insurance taxes and cannot be paid electronically. All associated forms and contributions should be sent to the following address:
500 E. Third Street
Carson City, NV 89713-0030
Every employer who is subject to Nevada Unemployment Compensation Law (NRS 612) is also subject to the Modified Business Tax.
The modified business tax covers total gross wages less employee health care benefits paid by the employer.
Additionally, the Modified Business tax has two classifications, each of which has a different tax rate and form. You will need to file the form that is applicable to your business.
Financial Institutions (as defined under NRS 363A.050.)
All forms and tax payments are due no later than the last day of the month following the end of the quarter. The default dates for submission are April 30, July 31, October 31, and January 31.
Forms and payments must be mailed to the address below:
Nevada Department of Taxation
PO Box 7165
San Francisco, CA 94120-7165
For additional questions about the Nevada Modified Business Tax, see the following page from the State of Nevada's Department of Taxation. All accompanying forms and instructions can be found here.