LA HB462

Establishes a $90,000,000 Revenue Sharing Fund for Fiscal Year 2025-2026 to be distributed to Louisiana parishes and the city of New Orleans

Allocates funds based on a formula using 80% population ratio and 20% homestead exemption ratio, with distributions to tax recipient bodies including parish governing authorities, school boards, and special taxing districts

Designates 11.9% of distributed funds ($9,773,425) for tax collector commissions and 2.44% ($2,003,963) for retirement system contributions

Requires the state treasurer to distribute funds in three installments: one-third by December 1, one-third by March 15, and one-third by May 15

Specifies detailed parish-by-parish allocation amounts and establishes rules for distributing excess funds among parish governing authorities, school boards, and incorporated municipalities based on varying percentages by parish