revenuesharing

revenue sharing

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

Origin:
1970–75

revenue-sharing, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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American Heritage
Cultural Dictionary

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.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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