A bill to amend the Internal Revenue Code of 1954 to revise and extend the targeted jobs credit.

Amends the Internal Revenue Code to extend the targeted jobs income tax credit from 1984 to 1989.

Increases the amount of wages which may be taken into account for such credit from $6,000 to $10,000 per year.

Revises the definition of "members of economically disadvantaged families" to increase from 70 percent to 80 percent of the Bureau of Labor Statistics' lower living standard the amount of income a family may have in order to qualify as a member of a targeted group.