CA SB1571

Allows California taxpayers to voluntarily designate contributions in excess of their tax liability to the newly created School Supplies for Homeless Children Fund on their state income tax returns.

Establishes the School Supplies for Homeless Children Fund to provide school supplies and health-related products to homeless children through a competitive grant program administered by the Superintendent of Public Instruction, in compliance with the federal McKinney-Vento Homeless Assistance Act.

Allocates fund revenues first to reimburse the Franchise Tax Board, Controller, and State Department of Education for administrative costs, with remaining balance directed to the State Department of Education for the grant program.

Requires the Franchise Tax Board to maintain a minimum contribution threshold of $250,000 annually (adjusted for inflation), with the fund designation automatically removed from tax forms if contributions fall below this threshold in any calendar year.

Sunsets the fund on January 1 of the fifth taxable year following its first appearance on tax returns, unless earlier repealed due to insufficient contributions, though designated amounts prior to repeal continue to be transferred and disbursed.