Revenue sharing in the context of "United States Senate Committee on Finance"

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⭐ Core Definition: Revenue sharing

Revenue sharing is the distribution of revenue, 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.

Revenue shares are often used in industries such as game development, wherein a studio lacks sufficient capital or investment to pay upfront, or in instances when a studio or company wishes to share the risks and rewards with its team members. Revenue shares allow the stakeholders to realize returns as soon as revenue is earned before any costs are deducted.

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👉 Revenue sharing in the context of United States Senate Committee on Finance

The United States Senate Committee on Finance (or, less formally, Senate Finance Committee) is a standing committee of the United States Senate. The committee concerns itself with matters relating to taxation and other revenue measures generally, and those relating to the insular possessions; bonded debt of the United States; customs, collection districts, and ports of entry and delivery; deposit of public moneys; general revenue sharing; health programs under the Social Security Act (notably Medicare and Medicaid) and health programs financed by a specific tax or trust fund; national social security; reciprocal trade agreements; tariff and import quotas, and related matters thereto; and the transportation of dutiable goods. It is considered to be one of the most powerful committees in Congress.

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Revenue sharing in the context of Block grant

A block grant is a grant-in-aid of a specified amount from a larger government to a smaller regional government body. Block grants have less oversight from the larger government and provide flexibility to each subsidiary government body in terms of designing and implementing programs. Block grants, categorical grants, and general revenue sharing are three types of federal government grants-in-aid programs.

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Revenue sharing in the context of Caldwell, New Jersey

Caldwell is a borough located in northwestern Essex County, in the U.S. state of New Jersey, about 16 miles (26 km) west of New York City and 6 miles (9.7 km) north-west of Newark, the state's most populous city. As of the 2020 United States census, the borough's population was 9,027, an increase of 1,205 (+15.4%) from the 2010 census count of 7,822, which in turn reflected an increase of 238 (+3.1%) from the 7,584 counted in the 2000 census.

Caldwell was incorporated as a borough by an act of the New Jersey Legislature on February 10, 1892, from portions of Caldwell Township (now Fairfield Township), based on the results of a referendum held on the previous day. In 1981, the borough's name was changed to the "Township of the Borough of Caldwell", as one of seven Essex County municipalities to pass a referendum to become a township, joining four municipalities that had already made the change, of what would ultimately be more than a dozen Essex County municipalities to reclassify themselves as townships in order take advantage of federal revenue sharing policies that allocated townships a greater share of government aid to municipalities on a per capita basis. Effective January 26, 1995, it again became a borough.

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