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

revenue sharing definition

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


Read Also:

  • Revenue-stamp

    noun 1. a stamp showing that a governmental tax has been paid.

  • Revenue-tariff

    noun 1. a tariff or duty imposed on imports primarily to produce public revenue. revenue tariff noun 1. a tariff for the purpose of producing public revenue Compare protective tariff

  • Reverable

    verb (used with object), revered, revering. 1. to regard with respect tinged with awe; venerate: The child revered her mother. verb 1. (transitive) to be in awe of and respect deeply; venerate noun 1. Paul. 1735–1818, American patriot and silversmith, best known for his night ride on April 18, 1775, to warn the Massachusetts colonists […]

  • Reverb

    verb (used with or without object) 1. to reverberate. noun 1. an electronic device that creates artificial acoustics reverb reverberation

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