,i  #aadth ,,congress  #b;d ,session    
,h4 ,r4 #digc  ,,in ,,the ,,house ,,of  
,,representatives  ,april #ae1 #bjaf    
,mrs4 ,watson ,coleman introduced the   
following bill2 which was referred to   
the ,committee on ,ways and ,means  ,a  
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to provide a work       
opportunity tax credit for the older    
long-term unemployed recipient1 and for 
other purposes4  #a4 ,short title ,this 
,act may be cited as the ,investing in  
,older ,americans ,act of #bjaf4  #b4   
,extension and modification of work     
opportunity tax credit  7a7 ,credit made
 permanent ,section #ea7;c7 of the      
,internal ,revenue ,code of #aihf is    
amended by striking paragraph 7#d7 and  
redesignating paragraph 7#e7 as         
paragraph 7#d74  7b7 ,credit for hiring 
older long-,term unemployment recipients
  7#a7 ,in general ,section #ea7;d77#a7 
of such ,code is amended by striking or 
at the end of subparagraph 7,h71 by     
striking the period at the end of       

subparagraph 7,i7 and inserting 1 or1   
and by adding at the end the following  
new subparagraph3  7,j7 a qualified     
older long-term unemployment recipient4 
4  7#b7 ,qualified older long-term      
unemployment recipient ,section #ea7;d7 
of such ,code is amended by adding at   
the end the following new paragraph3    
7#ae7 ,qualified older long-term        
unemployment recipient ,the term        
qualified older long-term unemployment  
recipient means any individual who is   
certified by the designated local       
agency-- 7,a7 as having attained age #ee
 on the hiring date1 and  7,b7 as being 
a qualified long-term unemployment      
recipient4  4  7#c7 ,limitation on wages
 taken into account ,section #ea7;b77#c7
 of such ,code is amended--  7,a7 by    
striking subsection 7d77#c77;,a77iv71   
and and inserting subsection            
7d77#c77;,a77iv711 and  7,b7 by striking
 subsection 7d77#c77;,a77ii77,,ii77 and 
inserting subsection                    
7d77#c77;,a77ii77,,ii71 and #ad1jjj in  

the case of any individual who is a     
qualified older long-term unemployment  
recipient by reason of subsection       
7d77#ae774  7#d7 ,inflation adjustment  
,section #ea7;b7 of such ,code is       
amended by adding at the end the        
following3  7#d7 ,adjustment for        
inflation ,in the case of any taxable   
year beginning after #bjaf1 the #ad1jjj 
dollar amount contained in paragraph    
7#c7 relating to qualified older        
long-term unemployment recipients shall 
be increased by an amount equal to the  
product of--  7,a7 such dollar amount1  
and  7,b7 the cost of living adjustment 
determined under section #a7;f77#c7 for 
the calendar year in which the taxable  
year begins determined by substituting  
calendar year #bjae for calendar year   
#aiib in subparagraph 7,b7 thereof4  ,if
 any increase determined under the      
preceding sentence is not a multiple of 
#ej1 such increase shall be rounded to  
the next lowest multiple of #ej4  4  7c7
 ,effective date ,the amendments made by

 this section shall apply to individuals
 who begin work for the employer after  
,december #ca1 #bjae4