Tax Revenue Law and Legal Definition
The term tax revenue refers to the government income due to taxation.
The following is an example of a state statute (Missouri) on tax revenue:
§ 137.073 R.S.Mo. Tax revenue, when referring to the previous year, means the actual receipts from ad valorem levies on all classes of property, including state-assessed property, in the immediately preceding fiscal year of the political subdivision, plus an allowance for taxes billed but not collected in the fiscal year and plus an additional allowance for the revenue which would have been collected from property which was annexed by such political subdivision but which was not previously used in determining tax revenue pursuant to this section.
