A bill to amend the Internal Revenue Code of 1954 to exempt from Federal income taxation a trust established by a taxpayer for the purpose of providing care for certain mentally incompetent relatives of the taxpayer.

Amends the Internal Revenue Code to exclude trusts which are established solely to provide care for individuals who are mentally incapable of caring for themselves from the taxation of trusts. Excludes from the beneficiary's gross income amounts paid from such trust to individuals other than their immediate families for the beneficiary's care and maintenance.