News Flash

City News & Updates

Posted on: August 19, 2020

Income Tax Revenues Rebound from COVID-19

Hudson Logo

City of Hudson income tax revenues rebounded in August as tax filings came in after the tax filing extension. Due to COVID-19, City income tax returns and payments for tax year 2019 with a due date of April 15, 2020 were extended to July 15, 2020. The filing extension for City tax returns matched the State and Federal extension.

Estimated payments for the first and second quarters of tax year 2020 were also extended to July 15, 2020. The extended filing and payment dates applied to individual taxpayer filings and payments as well as business net profit filings and payments.

As a result of the delayed filing, a significant portion of the City’s income tax revenue was deferred until after the July 15 deadline. City income tax revenue was $1.7 million or 10.4% below estimate through July 2020. With the August 2020 collections, the City is approximately $400,000 or 2.2% below estimate for the year. The City is projecting further payments of deferred income tax revenue over the next two months that may allow it to reach the City’s budgeted estimate for the year.

Facebook Twitter Email

Other News in City News & Updates

fire hydrant

Fall Hydrant Flushing Begins October 12

Posted on: October 8, 2020
Halloween 2020 Masks

Hudson Trick-or-Treat is October 31

Posted on: September 24, 2020
Vote Sign

Where to Place Election Signs

Posted on: September 22, 2020
Ellsworth Meadows

Ellsworth Meadows Has Banner Year

Posted on: September 22, 2020

Examining Trends Helps Plan for the Future

Posted on: September 22, 2020
SR 91 Turn Lane Project Update

SR 91 Turn Lane Project Underway

Posted on: September 2, 2020
Chief Perry Tabak

HPD Apprehends Burglary Suspects

Posted on: August 6, 2020

Senior Activities Remain On Hold

Posted on: August 3, 2020

City Explores Single-Hauler Concept

Posted on: July 29, 2020