The resolution establishes the Commission on the Equitable Distribution of Certain Ad Valorem Taxes in Louisiana, tasked with studying and recommending changes to the state's tax laws to ensure a fair distribution of assessed property values for ad valorem taxes. This initiative arises from the historical allocation of assessed values exclusively to East Baton Rouge Parish since 1974, which has raised concerns about equity among all parishes in the state. The Commission will analyze the allocation methodology, implementation timelines, and the logistics of tax bill preparation and distribution, with a report due by March 31, 2025.

The Commission will be composed of various members, including a senator as chairman, appointed senators and representatives, and representatives from local associations. It is required to seek input from multiple stakeholders, including the Louisiana Tax Commission and affected companies. The Commission will operate without compensation for its members, except for per diem or expense reimbursements, and will be supported by the Senate Committee on Revenue and Fiscal Affairs. The Commission is set to convene its first meeting by September 30, 2024, and will dissolve upon submitting its report or by June 30, 2025, whichever comes first.