Auto Workers Job Opportunity Tax Credit Act of 1982

Auto Workers Job Opportunity Tax Credit Act of 1982 - Amends the Internal Revenue Code to provide employers an income tax credit for hiring unemployed auto workers. Provides a credit equal to: (1) 50 percent of first-year wages; (2) 25 percent of the second-year wages; and (3) 10 percent of the third-year wages. Defines "unemployed auto workers" to include auto workers laid off after December 31, 1980, who worked for 20 of the 24 months preceding employment termination.

Allows a refundable income tax credit equal to 25 percent of the retraining expenses for unemployed auto workers. Defines "retraining expenses" as tuition and fees required for the enrollment or attendance of a student at an eligible educational institution.