revenue sharing


noun

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

OTHER WORDS FROM revenue sharing

rev·e·nue-shar·ing, adjective
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

Examples from the Web for revenue sharing

Culture definitions for revenue sharing

revenue sharing

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 Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.