All Volunteer Health Manpower Act

All Volunteer Health Manpower Act - Title I: Council on Medically Underserved Populations - Directs the Secretary of Health, Education, and Welfare to appoint a permanent Council on Medically Underserved Populations to consist of ten individuals from outside of the Government who have demonstrated excellence in conducting analyses of the adequacy of health services, facilities, and personnel. Requires the Council to establish criteria for the designation of medically underserved populations.

Title II: Service in Underserved Area - Amends the Public Health Service Act to authorize the Secretary to make loans to physicians and dentists: (1) not to exceed $1,000 for a visit to an underserved area; (2) not to exceed $3,000 for equipment approved by the National Health Service Corps for use in an underserved area; and (3) not to exceed $5,000 for the purpose of establishing an office in an underserved area. Directs the Secretary to establish a program to furnish information on all Federal health services programs in underserved areas to each school of medicine, osteopathy, dentistry, nursing, and to the schools which train allied health personnel.

Title III: Capitation Incentives - Revises the capitation differential incentives payable to schools of medicine, osteopathy, or dentistry.

Title IV: Assistance to Primary Care Personnel - Directs the Secretary to assist private primary health care personnel who desire to establish medical practices in areas designated as underserved where such personnel meet specified requirements.

Title V: Tax Credits for Health Professionals Serving in Designated Underserved Areas - Amends the Internal Revenue Code of 1954 to allow health professionals practicing in a designated underserved area a yearly tax credit equal to ten percent of their gross income.