Revenue
111Revenue Procedure — A matter of procedural importance to both taxpayers and the I.R.S. concerning the administration of the tax laws is issued as a Revenue Procedure (abbreviated as Rev.Proc. ). A Revenue Procedure is first published in an Internal Revenue Bulletin… …
112Revenue Ruling — A Revenue Ruling (abbreviated Rev. Rul. ) is issued by the National Office of the I.R.S. to express an official interpretation of the tax law as applied to specific transactions. Unlike a Regulation, it is more limited in application. A Revenue… …
113revenue bill — A bill introduced in Congress for the raising of revenue for the support of the government and the payment of the expenses incurred in governmental activities. A bill for levying taxes in the strict sense of the term, its distinguished from a… …
114revenue law — A tax statute. A law passed under the power granted to Congress by § 8 of Article I of the United States Constitution to lay and collect taxes, duties, imposts, and excises. California ex rel. McColgan v Bruce (CA9 Nev) 129 F2d 421, 147 ALR 782.… …
115revenue bond — noun a bond issued by an agency that is commissioned to finance public works; revenue from the public property is used to pay off the bond • Hypernyms: ↑bond, ↑bond certificate * * * noun : a bond issued by a public agency authorized to build,… …
116revenue cutter — noun : an armed government vessel employed especially to enforce revenue laws and prevent smuggling * * * cutter (def. 4). [1780 90] * * * revenue cutter noun (historical) An armed vessel employed in preventing smuggling • • • Main Entry:… …
117Revenue Act of 1864 — The Internal Revenue Act of 1864, 13 Stat. 223 (June 30, 1864), increased the income tax rates established by the Internal Revenue Act of 1862. The measure was signed into law by President Abraham Lincoln.ProvisionsSection 116 of the Act imposed… …
118Revenue Bond — A municipal bond supported by the revenue from a specific project, such as a toll bridge, highway, or local stadium. This differs from general obligation bonds, which can be repaid through a variety of tax sources. Revenue bonds are only payable… …
119Revenue Officer — 1. A person working for the Internal Revenue Service (IRS) collections department. 2. Short for Chief Revenue Officer, a person responsible for all revenue generating functions. 2. Examples might be marketing, sales, customer support, and… …
120Revenue Passenger Mile - RPM — A transportation industry metric that shows the number of miles traveled by paying passengers. Revenue passenger miles are calculated by multiplying the number of paying passengers by the distance traveled. For example, an airplane with 100… …
