A bill to amend the Internal Revenue Code of 1954 to provide an income tax credit for any individual who performs voluntary service for any organization engaged in the treatment, care, or rehabilitation of the physically handicapped or the mentally ill.

Allows a tax credit under the Internal Revenue Code in an amount equal to 70 percent of any voluntary service contribution made by an individual during the taxable year to a qualified organization for the physically handicapped or mentally ill.

States that the amount of such tax credit shall not exceed $750 in any taxable year ($1,500 in the case of a joint return). Provides that this Act shall not apply in the case of any individual who during the taxable year has not performed at least 50 hours of service, without compensation, for a qualified organization for the physically handicapped or mentally ill.

Limits the per hour amount of such credit to the greater of $2 or the Federal minimum wage.

States that the provisions of this Act shall apply with respect to any taxable year beginning during the 5-year period which begins on the date of enactment of this Act.