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. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Investing in Older 
Americans Act of 2016’’. 
SEC. 2. EXTENSION AND MODIFICATION OF WORK OPPOR-
TUNITY TAX CREDIT. 
(a) CREDIT MADE PERMANENT.—Section 51(c) of 
the Internal Revenue Code of 1986 is amended by striking 
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paragraph (4) and redesignating paragraph (5) as para-
graph (4). 
(b) CREDIT FOR HIRING OLDER LONG-TERM UNEM-
PLOYMENT RECIPIENTS.— 
(1) IN
GENERAL.—Section 51(d)(1) of such 
Code is amended by striking ‘‘or’’ at the end of sub-
paragraph (H), by striking the period at the end of 
subparagraph (I) and inserting ‘‘, or’’, and by add-
ing at the end the following new subparagraph: 
‘‘(J) a qualified older long-term unemploy-
ment recipient.’’. 
(2) QUALIFIED OLDER LONG-TERM UNEMPLOY-
MENT RECIPIENT.—Section 51(d) of such Code is 
amended by adding at the end the following new 
paragraph: 
‘‘(15) QUALIFIED
OLDER
LONG-TERM
UNEM-
PLOYMENT
RECIPIENT.—The term ‘qualified older 
long-term unemployment recipient’ means any indi-
vidual who is certified by the designated local agen-
cy— 
‘‘(A) as having attained age 55 on the hir-
ing date, and 
‘‘(B) as being a qualified long-term unem-
ployment recipient.’’. 
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(3) LIMITATION ON WAGES TAKEN INTO AC-
COUNT.—Section 51(b)(3) of such Code is amend-
ed— 
(A) by striking ‘‘subsection (d)(3)(A)(iv), 
and’’ and inserting ‘‘subsection (d)(3)(A)(iv),’’, 
and 
(B) 
by 
striking 
‘‘subsection 
(d)(3)(A)(ii)(II))’’ and inserting ‘‘subsection 
(d)(3)(A)(ii)(II), and $14,000 in the case of 
any individual who is a qualified older long- 
term unemployment recipient by reason of sub-
section (d)(15))’’. 
(4) INFLATION ADJUSTMENT.—Section 51(b) of 
such Code is amended by adding at the end the fol-
lowing: 
‘‘(4) ADJUSTMENT
FOR
INFLATION.—In the 
case of any taxable year beginning after 2016, the 
$14,000 dollar amount contained in paragraph (3) 
relating to qualified older long-term unemployment 
recipients shall be increased by an amount equal to 
the product of— 
‘‘(A) such dollar amount, and 
‘‘(B) the cost of living adjustment deter-
mined under section 1(f)(3) for the calendar 
year in which the taxable year begins deter-
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mined by substituting ‘calendar year 2015’ for 
‘calendar year 1992’ in subparagraph (B) 
thereof. 
If any increase determined under the preceding sen-
tence is not a multiple of $50, such increase shall 
be rounded to the next lowest multiple of $50.’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to individuals who begin work for 
the employer after December 31, 2015. 
Æ 
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