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S 694 107th Congress Senate

Artist-Museum Partnership Act

Official title: A bill to amend the Internal Revenue Code of 1986 to provide that a deduction equal to fair market value shall be allowed for charitable contributions of liter… Show full official titleShow less

Official title: A bill to amend the Internal Revenue Code of 1986 to provide that a deduction equal to fair market value shall be allowed for charitable contributions of literary, musical, artistic, or scholarly compositions created by the donor.

Introduced: February 4, 2002 See on congress.gov
Taxation ArtArtistsArts, Culture, ReligionAuthors and authorship
More subjectsShow fewer subjects
Charitable contributionsCopyrightFinance and Financial SectorGovernment Operations and PoliticsGovernment paperworkIncome taxIntellectual propertyLiteratureMusicTax deductionsTax returnsValuation
This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 4, 2001
Read twice and referred to the Committee on Finance.
Apr 4, 2001
Sponsor introductory remarks on measure. (CR S3444-3445)
Apr 4, 2001
Introduced in Senate
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 Latest action April 4, 2001

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service
Artist-Museum Partnership Act - Amends the Internal Revenue Code to provide a fair market value (determined at time of contribution) deduction for charitable contributions of literary, musical, artistic, scholarly compositions, or the copyright created by a qualifying donor. Exempts certain non-personal letters and memoranda from such treatment.

Limits such increased deduction to the donor's artistic adjusted income (as defined by this Act).

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). S. 694: Artist-Museum Partnership Act. 107th Congress. Open America. https://openamerica.io/bill/107-S-694/
MLA
"S. 694: Artist-Museum Partnership Act." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-S-694/.
Bluebook (legal)
S. 694, 107th Cong. (2026), https://openamerica.io/bill/107-S-694/.
Markdown link
[S. 694: Artist-Museum Partnership Act](https://openamerica.io/bill/107-S-694/)
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