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.
Taxation
ArtArtistsArts, Culture, ReligionAuthors and authorship
More subjectsShow fewer subjects
Charitable contributionsCopyrightFinance and Financial SectorGovernment Operations and PoliticsGovernment paperworkIncome taxIntellectual propertyLiteratureMusicTax deductionsTax returnsValuation
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
Read twice and referred to the Committee on Finance.
Plain-English summary
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
- Introduced in Senate Formatted Text PDF
Committees of jurisdiction
1
Cosponsors
2
Cite this page
U.S. Congress. (2026). S. 694: Artist-Museum Partnership Act. 107th Congress. Open America. https://openamerica.io/bill/107-S-694/
"S. 694: Artist-Museum Partnership Act." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-S-694/.
S. 694, 107th Cong. (2026), https://openamerica.io/bill/107-S-694/.
[S. 694: Artist-Museum Partnership Act](https://openamerica.io/bill/107-S-694/)