A bill to amend the Internal Revenue Code of 1954 with respect to the treatment for purposes of the new jobs credit of youths participating in certain education programs.

Amends the Internal Revenue Code to lower from 16 to 14 the age requirement for participation in the cooperative education program under the targeted jobs income tax credit program. Eliminates the requirement that the youth-participant be a member of an economically disadvantaged family.

Revises the definition of "qualified cooperative education program" to encompass all types of education (presently, limited to vocational education). Revises the definition of "qualified school" to mean a tax-exempt public school.