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revenue sharing

the system of disbursing part of federal tax revenues to state and local governments for their use.
Origin of revenue sharing
First recorded in 1970-75
Related forms
revenue-sharing, adjective Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2018.
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Contemporary Examples
revenue sharing in Culture

revenue sharing definition

A transfer of tax revenue from one unit of government, such as the federal government, to other units, such as state governments.

The New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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