LA HB314

Allocates $90,000,000 from the Revenue Sharing Fund to Louisiana parishes for Fiscal Year 2026-2027, distributed based on parish population (80%) and number of homesteads (20%)

Requires the state treasurer to distribute funds in three installments: by December 1, March 15, and May 15, with sheriffs distributing to local tax recipient bodies within 15 days of receipt

Prioritizes payments for sheriff's commissions ($9,773,425 total), retirement system contributions ($2,003,963 total), and reimbursement to eligible tax recipient bodies for ad valorem taxes lost due to homestead exemptions

Defines eligible "tax recipient bodies" as the City of New Orleans, parish governing authorities, school boards, and special taxing districts that were eligible for reimbursement prior to the 1972 abolition of the Property Tax Relief Fund, with specific exclusions and additions listed by parish

Authorizes the state treasurer to correct formula errors with approval from the Joint Legislative Committee on the Budget, provided total appropriation does not exceed $90 million