Pediatric cancer research hospitals could benefit from up to $100 million in new private donations under a bill approved by the Senate today, according to Senator Dan Laughlin, who supported the measure.
Senate Bill 74 would create a tax credit program for qualifying donations made to a Pennsylvania pediatric cancer research hospital. Credits would be limited to $10 million per year over the next 10 years.
The credit would apply to qualifying donations made to:
- The Center for Childhood Research, Children’s Hospital of Pennsylvania.
- Penn State Hershey Pediatric Hematology/Oncology.
- Abramson Cancer Center, Penn Medicine.
- The UPMC Children’s Hospital of Pittsburgh.
According to the American Cancer Society, more children die from cancer than any other disease. However, the National Cancer Institute spends just 4 percent of its research dollars on pediatric cancer.
“This measure creates a new way to provide vital financial support for research and treatment efforts in the battle against pediatric cancer,” said Senator Laughlin. “I strongly support this proposal and hope the House would act quickly to move Senate Bill 74 to the Governor’s desk.”
Contact: Matt Azeles firstname.lastname@example.org (717) 787-8927