A bill to amend the Internal Revenue Code of 1954 to provide credit against income tax for an employer who employs older persons in his trade or business.

Allows a tax credit under the Internal Revenue Code in the case of an employer who employs older persons in his trade or business. Limits such credit to the amount equal to the increase in his cost of doing business during such year which results in the employment of older persons. Makes this Act effective with respect to taxable years ending after the date of the enactment of this Act.