I 

114TH CONGRESS 

2D SESSION H. R. 4973 

To amend the Internal Revenue Code of 1986 to provide a work opportunity 

tax credit for the older long-term unemployed recipient, and for other 

purposes. 

IN THE HOUSE OF REPRESENTATIVES 

APRIL 15, 2016 

Mrs. WATSON COLEMAN introduced the following bill; which was referred to 

the Committee on Ways and Means 

A BILL 

To amend the Internal Revenue Code of 1986 to provide 

a work opportunity tax credit for the older long-term 

unemployed recipient, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Investing in Older 

5 Americans Act of 2016’’. 

6 SEC. 2. EXTENSION AND MODIFICATION OF WORK OPPOR7 TUNITY TAX CREDIT. 

8 (a) CREDIT MADE PERMANENT.—Section 51(c) of 

9 the Internal Revenue Code of 1986 is amended by striking 


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1 paragraph (4) and redesignating paragraph (5) as para2 graph (4). 

3 (b) CREDIT FOR HIRING OLDER LONG-TERM UNEM4 PLOYMENT RECIPIENTS.— 

5 (1) IN GENERAL.—Section 51(d)(1) of such 

6 Code is amended by striking ‘‘or’’ at the end of sub7 paragraph (H), by striking the period at the end of 

8 subparagraph (I) and inserting ‘‘, or’’, and by add9 ing at the end the following new subparagraph: 

10 ‘‘(J) a qualified older long-term unemploy11 ment recipient.’’. 

12 (2) QUALIFIED OLDER LONG-TERM UNEMPLOY13 MENT RECIPIENT.—Section 51(d) of such Code is 

14 amended by adding at the end the following new 

15 paragraph: 

16 ‘‘(15) QUALIFIED OLDER LONG-TERM UNEM17 PLOYMENT RECIPIENT.—The term ‘qualified older 

18 long-term unemployment recipient’ means any indi19 vidual who is certified by the designated local agen20 cy— 

21 ‘‘(A) as having attained age 55 on the hir22 ing date, and 

23 ‘‘(B) as being a qualified long-term unem24 ployment recipient.’’. 


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1 (3) LIMITATION ON WAGES TAKEN INTO AC2 COUNT.—Section 51(b)(3) of such Code is amend3 ed— 

4 (A) by striking ‘‘subsection (d)(3)(A)(iv), 

5 and’’ and inserting ‘‘subsection (d)(3)(A)(iv),’’, 

6 and 

7 (B) by striking ‘‘subsection 

8 (d)(3)(A)(ii)(II))’’ and inserting ‘‘subsection 

9 (d)(3)(A)(ii)(II), and $14,000 in the case of 

10 any individual who is a qualified older long11 term unemployment recipient by reason of sub12 section (d)(15))’’. 

13 (4) INFLATION ADJUSTMENT.—Section 51(b) of 

14 such Code is amended by adding at the end the fol15 lowing: 

16 ‘‘(4) ADJUSTMENT FOR INFLATION.—In the 

17 case of any taxable year beginning after 2016, the 

18 $14,000 dollar amount contained in paragraph (3) 

19 relating to qualified older long-term unemployment 

20 recipients shall be increased by an amount equal to 

21 the product of— 

22 ‘‘(A) such dollar amount, and 

23 ‘‘(B) the cost of living adjustment deter24 mined under section 1(f)(3) for the calendar 

25 year in which the taxable year begins deterVerDate Sep 11 2014 22:00 Apr 22, 2016 Jkt 059200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H4973.IH H4973

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1 mined by substituting ‘calendar year 2015’ for 

2 ‘calendar year 1992’ in subparagraph (B) 

3 thereof. 

4 If any increase determined under the preceding sen5 tence is not a multiple of $50, such increase shall 

6 be rounded to the next lowest multiple of $50.’’. 

7 (c) EFFECTIVE DATE.—The amendments made by 

8 this section shall apply to individuals who begin work for 

9 the employer after December 31, 2015. 

Æ 


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