CA AB2371

Allows California taxpayers to voluntarily designate contributions in excess of their personal income tax liability to a newly created Special Olympics Fund, in full dollar amounts of $1 or more.

Requires the Franchise Tax Board to add a "Special Olympics Fund" space on tax returns and the Controller to transfer designated amounts from the Personal Income Tax Fund to the Special Olympics Fund.

Allocates Special Olympics Fund moneys to reimburse the Franchise Tax Board and Controller for administrative costs, and to the State Department of Social Services to disburse to Special Olympics Northern California and Special Olympics Southern California based on taxpayer location by county.

Permits the State Department of Social Services to use up to 3% of allocated moneys for administrative costs, while requiring the Special Olympics organizations to use funds only for program activities supporting children and adults with intellectual disabilities, not administrative costs.

Establishes a five-year sunset provision with a minimum contribution threshold of $250,000 annually (adjusted for inflation), requiring the Franchise Tax Board to determine annually whether contributions meet the minimum or if the program becomes inoperative.