House Bill No. [insert number] proposes the allocation and distribution of the Revenue Sharing Fund for Fiscal Year 2025-2026 in Louisiana, totaling $90 million. The bill defines "tax recipient bodies" to include local government entities such as the city of New Orleans, parish governing authorities, and school boards, while excluding certain districts like the Red River Waterway District and specific levee districts. The distribution of funds will be based on each parish's population and number of homesteads, with 11.9% allocated for commissions to tax collectors and 2.44% directed to eligible retirement systems. The bill also outlines reimbursement provisions for taxes lost due to homestead exemptions, with limitations based on historical data from 1977, and specifies that new taxes approved by voters will be eligible for distribution, while taxes authorized after January 1, 1978, will not be included unless certain conditions are met.

Furthermore, the bill details the distribution of various tax millages across multiple parishes, ensuring equitable sharing among tax recipient bodies. It establishes specific percentages for allocations in Lafourche and Calcasieu parishes and sets limits on certain millages, such as library funding in Iberville and St. Bernard parishes. The bill mandates that bond millages servicing general obligation bonds will not share in the proceeds, with exceptions for certain parishes. It also requires the state treasurer to distribute funds in three installments and emphasizes the need for legislative approval for excess fund distributions. Overall, the bill aims to create a fair and structured framework for the distribution of revenue sharing funds while allowing flexibility for local governments to meet their needs.