Revenue sharing is a funding arrangement in which one government unit grants a portion of its tax income to another government unit. For example, provinces or states may share revenue with local governments, or national governments may share revenue with provinces or states. Laws determine the formulas by which revenue is shared, limiting the controls that the unit supplying the money can exercise over the receiver and specifying whether matching funds must be supplied by the receiver.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Hawaii Revenue Sharing Agreement refers to a contractual agreement that outlines how the revenue generated within the state of Hawaii will be shared among different entities or parties involved. This agreement can include various types of revenue, such as taxes, fees, and other sources of income generated by the government. The key objective of the Hawaii Revenue Sharing Agreement is to define a fair and equitable distribution of revenue to ensure the functioning and development of different governmental entities and programs. In Hawaii, there are several types of Revenue Sharing Agreements based on the entities involved and the revenue sources considered. Here are some notable types: 1. Inter-agency Revenue Sharing Agreement: This agreement is established between different state agencies within Hawaii. It aims to distribute revenue generated from shared initiatives, collaborations, or joint projects among the participating agencies. By sharing revenue, the entities can collectively support their operations and achieve common goals. 2. Municipal Revenue Sharing Agreement: This type of agreement involves the sharing of revenue between the state government and local municipalities or counties within Hawaii. The revenue shared can include tax revenues, grants, and other income sources collected by the state but distributed back to local governments. This arrangement allows municipalities to fund local services and infrastructure projects effectively. 3. Tourism Revenue Sharing Agreement: Hawaii, being a popular tourist destination, may have specific revenue sharing agreements associated with its tourism industry. These agreements typically involve sharing a portion of the revenue generated from tourism-related activities, such as hotel taxes, resort fees, and attraction ticket sales. The revenue is often distributed between government agencies, tourism boards, and local communities to support tourism promotion, infrastructure development, and community welfare. 4. Resource Revenue Sharing Agreement: Hawaii, known for its natural resources, may have agreements in place to share revenue generated from the utilization or extraction of these resources. For instance, revenue from fishing rights, mineral extraction, or renewable energy sources can be shared between the state government, resource management organizations, and impacted communities. This type of agreement ensures that the benefits derived from these resources are fairly distributed among stakeholders. Overall, the Hawaii Revenue Sharing Agreement encompasses various arrangements that aim to allocate revenue generated within the state. These agreements play a crucial role in promoting cooperation among different entities, supporting local development, and ensuring the optimal utilization of resources for the benefit of Hawaii and its communities.Hawaii Revenue Sharing Agreement refers to a contractual agreement that outlines how the revenue generated within the state of Hawaii will be shared among different entities or parties involved. This agreement can include various types of revenue, such as taxes, fees, and other sources of income generated by the government. The key objective of the Hawaii Revenue Sharing Agreement is to define a fair and equitable distribution of revenue to ensure the functioning and development of different governmental entities and programs. In Hawaii, there are several types of Revenue Sharing Agreements based on the entities involved and the revenue sources considered. Here are some notable types: 1. Inter-agency Revenue Sharing Agreement: This agreement is established between different state agencies within Hawaii. It aims to distribute revenue generated from shared initiatives, collaborations, or joint projects among the participating agencies. By sharing revenue, the entities can collectively support their operations and achieve common goals. 2. Municipal Revenue Sharing Agreement: This type of agreement involves the sharing of revenue between the state government and local municipalities or counties within Hawaii. The revenue shared can include tax revenues, grants, and other income sources collected by the state but distributed back to local governments. This arrangement allows municipalities to fund local services and infrastructure projects effectively. 3. Tourism Revenue Sharing Agreement: Hawaii, being a popular tourist destination, may have specific revenue sharing agreements associated with its tourism industry. These agreements typically involve sharing a portion of the revenue generated from tourism-related activities, such as hotel taxes, resort fees, and attraction ticket sales. The revenue is often distributed between government agencies, tourism boards, and local communities to support tourism promotion, infrastructure development, and community welfare. 4. Resource Revenue Sharing Agreement: Hawaii, known for its natural resources, may have agreements in place to share revenue generated from the utilization or extraction of these resources. For instance, revenue from fishing rights, mineral extraction, or renewable energy sources can be shared between the state government, resource management organizations, and impacted communities. This type of agreement ensures that the benefits derived from these resources are fairly distributed among stakeholders. Overall, the Hawaii Revenue Sharing Agreement encompasses various arrangements that aim to allocate revenue generated within the state. These agreements play a crucial role in promoting cooperation among different entities, supporting local development, and ensuring the optimal utilization of resources for the benefit of Hawaii and its communities.
