revenue sharing

rev′enue shar`ing

n. the system of disbursing part of federal tax revenues to state and local governments for their use. [1970–75]

Thesaurus

Noun

revenue sharing - distribution of part of the federal tax income to states and municipalitiesdistribution - the act of distributing or spreading or apportioning

Revenue sharing

The percentage split between the general partner and limited partners of profits and losses resulting from the operation of the involved business.

Revenue Sharing

1. The practice of splitting a company's profits and losses between parties. For example, a partnership shares revenue between partners in accordance with each one's share in the company. Alternatively, revenue sharing may indicate any arrangement where a company gives a portion of its profits to its employees or other companies in an alliance.

2. The practice of a government giving a portion of tax revenue to subdivisions of government. For example, a province may apportion a certain percentage of the taxes it collects to municipalities and a national government may do the same for its provinces. In the United States, the federal government practiced revenue sharing with the states until the 1980s, when the Reagan administration stopped the practice to reduce the national deficit.

revenue sharing

rev′enue shar`ing

Revenue sharing

Revenue sharing

Revenue Sharing

revenue sharing

Words related to revenue sharing

noun distribution of part of the federal tax income to states and municipalities

Related Words