Revenue Act

The Revenue Act refers to legislation aimed at generating government revenue, often through taxation. In the U.S., several Revenue Acts have been enacted over the years, addressing income tax rates, corporate taxes, and other financial regulations. These acts help fund public services and programs by establishing tax rules for individuals and businesses. For instance, the Revenue Act of 1913 reintroduced a federal income tax after its temporary removal. Overall, these acts play a crucial role in shaping the country’s financial landscape and fiscal policy.