A bill to provide an opportunity to individuals to make financial contributions in connection with the payment of their Federal income tax, for the advancement of the arts and the humanities.

Permits taxpayers to designate on their income tax returns an election to contribute any portion of their income tax refunds or any additional contributions forwarded with the returns to the support of the National Endowment for the Arts (Arts Endowment) or the National Endowment for the Humanities (Humanities Endowment) or both. Directs the Secretary of the Treasury to modify income tax return forms to notify taxpayers of their option to contribute.

Authorizes the transfer of designated amounts at least quarterly to the Arts Endowment and the Humanities Endowment.