HARRISBURG – Pediatric cancer research hospitals could benefit from up to $100 million in new private donations under a bill approved by the Senate this week, according to Sen. Gene Yaw (R-23), 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 Philadelphia;
- Penn State Hershey Pediatric Hematology/Oncology;
- Abramson Cancer Center, Penn Medicine; and
- 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 bill will provide the resources that pediatric cancer research hospitals need to expand treatment options and provide a brighter prognosis for patients,” Sen. Yaw said. “I was happy to support this measure.”
Senate Bill 74 was sent to the House of Representatives for consideration.
For more state-related news and information, visit Senator Yaw’s website at www.SenatorGeneYaw.com or on Facebook and Twitter @SenatorGeneYaw.
Rita Zielonis, Chief of Staff