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

Example sentences from the Web for revenue sharing

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.