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)