Unemployed Workers Job Opportunity Tax Credit Act of 1982

Unemployed Workers Job Opportunity Tax Credit Act of 1982 - Amends the Internal Revenue Code to provide employers an income tax credit for hiring certain unemployed workers. Provides a credit equal to: (1) 50 percent of the first-year wages; (2) 25 percent of the second-year wages; and (3) ten percent of the third-year wages. Requires such workers to have been laid off after December 31, 1980, because of adverse economic conditions and to have been full-time employees for 20 or more months in the 24 months preceding employment termination.

Allows such unemployed workers a refundable income tax credit for 25 percent of their retraining expenses.