Internal Revenue
/ˌɪntərnl ˈrɛvəˌnjuː/
Definitions
- (n.) Government revenue collected from taxes, duties, and other statutory charges on income, property, sales, and transactions.
The agency is responsible for collecting internal revenue to fund public services.
Related terms
See also
Commentary
Refers broadly to government income chiefly generated through taxation; often used interchangeably with 'tax revenue' in legal and fiscal contexts.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.