the system of disbursing part of federal tax revenues to state and local governments for their use.
Words nearby revenue sharing
Origin of revenue sharing
First recorded in 1970–75
OTHER WORDS FROM revenue sharingrev·e·nue-shar·ing, adjective
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
Culture definitions for 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.