tax sharing

noun

1. revenue sharing.

Example Sentences

The Legislature must first give Democratic Gov. Jay Inslee authority to negotiate sales tax sharing compacts with federally recognized tribes.

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Officials from the Three Affiliated Tribes have also expressed concern, indicating they might withdraw from the tax sharing agreement with the state if the bill wasn’t modified.

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"The outcome of the Silk Commission on further devolution for Wales was a perfect example of three parties undermining a process by cherry-picking and adding caveats, like the lock step on tax sharing powers," she said.

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The county had balanced its budget before the change in the tax sharing structure.

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"We're not in a position to outline our tax policy at this stage. It's very unlikely that if Wales does get tax sharing powers that we will have these powers before 2021 according to the Silk process," she told the programme.

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