Government Definition Of Revenue Sharing

For example provinces or states may share revenue with local governments or national governments may share revenue with provinces or states.

Government definition of revenue sharing. The practice of a government giving a portion of tax revenue to subdivisions of government. Meaning of revenue sharing. Generally the governments that receive the monies are free from any stipulations about or. Revenue sharing is the distribution of revenue that is the total amount of income generated by the sale of goods and services among the stakeholders or contributors it should not be confused with profit shares in which scheme only the profit is shared i e the revenue left over after costs have been removed nor with stock shares which may be bought and sold and whose value may fluctuate.

State governments for example may share revenue with local governments while national governments can share revenue with state governments. Means any requirement under a ground lease to pay to ground lessor a share of the revenue derived from or an incremental payment triggered by a sublease license or other occupancy agreement at the site subject to such ground lease. The act process and legislation of a form of a national unity government that distributes or shares a portion of tax revenue to a form of relevant unity assembly unity council unity legislature unity senate unity. The amount of revenue shared is determined by law.

Revenue sharing a government unit s apportioning of part of its tax income to other units of government. Revenue sharing is a type of fiscal federalism whereby the federal government allocates revenue to state and local governments with little or no strings attached. Unlike categorical grants that are program specific revenue sharing provides flexibility to subnational political jurisdictions in using federal funds tailored to their special needs. Revenue sharing definition is the dispensing of a portion of federal tax revenue to state and local governments to assist in meeting their monetary needs.

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.