This bill, introduced by Representative McFarland, focuses on the allocation and distribution of the Revenue Sharing Fund for Fiscal Year 2025-2026, totaling $90 million. It 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 in Rapides and Lafourche parishes. The distribution of funds will be based on population and the number of homesteads in each parish, with specific allocations for the Monroe City School Board and commissions for tax collectors. The bill also introduces new legal language regarding the calculation of tax collectors' commissions and retirement system distributions, emphasizing limits on reimbursements for homestead exemption losses based on 1977 amounts and excluding new taxes authorized after January 1, 1978, from reimbursement eligibility.

Additionally, the bill outlines the distribution of excess funds collected from taxes among various parishes, ensuring equitable allocation among tax recipient bodies. It specifies that if the distribution to the tax collector and the city of New Orleans falls short of reimbursement needs, funds will be prorated based on reductions. The bill establishes minimum distributions for specific districts and clarifies that bond millages for servicing bonds will not participate in revenue sharing, with exceptions for certain parishes. It mandates that local governing bodies seek legislative approval for the expenditure of excess funds and requires tax collectors and city treasurers to provide necessary information for accurate fund distribution. Overall, the bill aims to create a structured and fair approach to revenue sharing across Louisiana's local governments.