AB423

Under the Unemployment Compensation Law: (1) with certain exceptions, employers and employing units that employ one or more persons are required to pay contributions into the Unemployment Compensation Fund at a certain rate of the wages paid by the employer for employment; and (2) persons who have become unemployed and comply with certain requirements are eligible for benefits from the Unemployment Compensation Fund in an amount based on the person's previous wages for employment. (Chapter 612 of NRS) Existing law authorizes certain employers to elect to reimburse the Unemployment Compensation Fund for benefits paid to their former employees rather than making quarterly contributions to the Unemployment Compensation Fund. (NRS 612.553) Sections 3.3-3.7 of this bill authorize an employer or employing unit that employs only one person who owns the organization, trade or business of the employer or employing unit or employer or employing unit that employs not more than two persons who share a familial relationship within the first degree of consanguinity who own the organization, trade or business of the employer or employing unit to make such an election. Existing law requires a person who applies for a state business license or the renewal of a state business license to pay a fee of $200 or, for certain corporations, $500. (NRS 76.100, 76.130) Section 6 of this bill exempts certain persons from paying a fee for an initial application for a state business license and the fi