Projo Biz Blog

Journal archive photo / Connie Grosch
Fall River high school students take advantage of post-Christmas sales at the Providence Place mall in December.

PROVIDENCE -- Sales tax receipts at Providence Place mall jumped 28.4 percent in December, reaching a record of nearly $2.6 million, according to figures compiled by the state Division of Taxation.

The monthly tax figure bests the previous monthly record of $2 million, set in December 2006.

For the year, stores in Providence Place generated $13,981,625 in sales taxes for the state, also a new record.

The financial and legislative assistance that helped make Providence Place a reality put a unique requirement on the mall: It is the only shopping center in the state that must file sales tax returns.

Because of the way mall stores turn over their sales tax receipts to the state, there is a lag of more than four weeks before the totals can be made public, according to division officials. Consequently, December’s total weren't available until this month.

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