revenue sharing


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

Origin of revenue sharing

1
First recorded in 1970–75

Other words from revenue sharing

  • rev·e·nue-shar·ing, adjective

Words Nearby revenue sharing

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024

How to use revenue sharing in a sentence

Cultural 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.