revenue sharing

noun

Definition of revenue sharing

: the dispensing of a portion of federal tax revenue to state and local governments to assist in meeting their monetary needs

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First Known Use of revenue sharing

1966, in the meaning defined above

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The first known use of revenue sharing was in 1966

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Cite this Entry

“Revenue sharing.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/revenue%20sharing. Accessed 24 Nov. 2020.

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