A bill to amend section 51 of the Internal Revenue Code of 1954 to include low income unemployed older Americans as members of targeted groups and extend for an additional year the credit for employment of certain new employees.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to include low-income unemployed older Americans as members of targeted groups for purposes of the tax credit for new employees. Defines "low-income unemployed older Americans" as any individual who is certified by a designated local agency as: (1) 55 years old on or before the hiring date; (2) unemployed for a 15-week period ending on the hiring date; and (3) a member of a family which had a gross income during the three months prior to determination, which, on an annual basis, would be 125 percent or less of the poverty level as determined by the Director of the Office of Management and Budget. Extends such tax credit for one year from 1982 to 1983.…