No it doesn't.
I've been using Home Sharing since it came out in a family with 5 different Apple IDs.
Perhaps you are confused by the fact that you use only one of these IDs as the 'master' ID?
Perhaps I don't fully utilize Home Sharing to understand this. Are you saying that you can use Home Sharing on a single device with multiple Apple IDs? Here are some examples, could you say whether or not it would work? Thanks.
1. I have an iPhone and my wife has an iPhone. Both of us have separate Apple IDs that are associated with separate credit cards. She bought a movie on her iPhone/AppleID, but I'd like to watch it as well. Can I do this via Home Sharing? Would I be able to download the movie onto my iPhone, or do I have to stream it from her laptop?
2. We have one Apple TV in the house. It's connected to my iTunes Server (old Dell laptop), which is logged into my AppleID. Could I have the Apple TV connected to my wife's Mac, which has songs/movies/shows that are tagged with her AppleID?
Note - Both of these are hypotheticals, since my wife and I both share the same AppleID. I'm just looking for information.
Thanks.