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revenue sharing

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noun
  1. the system of disbursing part of federal tax revenues to state and local governments for their use.
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Origin of revenue sharing

First recorded in 1970–75
Related formsrev·e·nue-shar·ing, adjective
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

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revenue sharing in Culture

revenue sharing

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

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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.