CA AB1088

Repeals the Veterans' Quality of Life Fund and creates a new California Veterans Homes Fund to receive voluntary tax return contributions from individual taxpayers.

Allows taxpayers to designate contributions in excess of their tax liability (minimum $1) to the California Veterans Homes Fund on their personal income tax returns, with contributions deductible under income tax law.

Requires all contributions to be allocated to reimburse administrative costs of the Franchise Tax Board and Controller, then distributed proportionally to the Morale, Welfare, and Recreation Fund at each veterans home.

Establishes a sunset provision repealing the voluntary contribution designation on January 1 of the fifth taxable year after the fund first appears on tax returns, or earlier if contributions fall below $250,000 annually (adjusted annually for inflation).

Prohibits adding the California Veterans Homes Fund designation to a tax return unless another voluntary contribution designation is simultaneously removed from that return.