A bill to amend the Internal Revenue Code of 1954 to allow a credit against tax for contributions to programs providing job training for certain individuals.

Amends the Internal Revenue Code to allow an income tax credit of 20 percent of charitable contributions to programs providing job training for handicapped persons, economically disadvantaged individuals, or workers with obsolete skills.

Limits the credit to $250,000. Allows for a three year carryback and a 15 year carryover of the unused credit.