California AB703 establishes a voluntary tax contribution fund for pediatric cancer research.
California AB703 creates the California Pediatric Cancer Research Voluntary Tax Contribution Fund. This fund allows individual taxpayers to designate contributions on their tax returns to support pediatric cancer research. Contributions can be made in full dollar amounts and are used to support research into the cure, screening, and treatment of pediatric cancers. The fund is continuously appropriated and allocated to the Franchise Tax Board, the Controller, and the Regents of the University of California for grants.
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