The bill aims to establish the Pediatric Cancer Research Fund within the state treasury, allowing for voluntary contributions to support pediatric cancer research. It amends section 5747.113 and enacts new sections 3701.27 and 4503.108 of the Revised Code. The fund will consist of voluntary contributions from individuals, including those made during motor vehicle registration processes, where applicants can opt to donate five dollars to the fund. The Director of Health is tasked with utilizing the fund to provide financial support to hospitals for pediatric cancer research, develop informational materials, and cover administrative costs.

Additionally, the bill modifies the existing income tax refund contribution system to include the Pediatric Cancer Research Fund among the options for taxpayers wishing to designate part of their refund. It removes the option to contribute to the "wishes for sick children income tax contribution fund" and adds the pediatric cancer research fund as a new option. The bill also stipulates that if contributions to any fund fall below fifty thousand dollars over five consecutive years, the option to contribute to that fund will be removed from the tax return. Overall, the legislation seeks to enhance funding for pediatric cancer research through various channels, including tax contributions and motor vehicle registration donations.

Statutes affected:
As Introduced: 5747.113