House Bill No. [insert number] establishes the allocation and distribution of the Revenue Sharing Fund for the Fiscal Year 2024-2025 in Louisiana, totaling $90 million. It defines "tax recipient bodies" to include local government entities such as the city of New Orleans and parish governing authorities, while excluding certain districts like the Red River Waterway District and specific levee districts. The bill outlines a distribution process based on population and homestead numbers, with provisions for reimbursement to the Monroe City School Board for tax losses due to homestead exemptions. It also introduces new legal language that limits specific millages, such as the library's millage in Iberville to 2.9 mills and the assessor's millage in St. Bernard to 1.47 mills, ensuring equitable distribution of funds across various public services.

Additionally, the bill details the allocation of tax millages across multiple parishes, specifying how revenues will be shared among tax recipient bodies, including school districts and fire protection districts. It establishes minimum funding amounts for certain districts and outlines how excess funds should be distributed based on population ratios and other criteria. The legislation mandates that bond millages for servicing general obligation bonds will not share in the proceeds of this Act, with exceptions for specific parishes. It also requires tax collectors and city treasurers to file necessary information for fund computation and emphasizes the need for legislative approval for expenditures in certain parishes, ensuring that excess funds are utilized for governmental purposes.