A bill to amend the Internal Revenue Code of 1954 to allow employers a targeted jobs credit for employing certain older invididuals, and to extend by 3 years the termination date of the targeted jobs credit.

Amends the Internal Revenue Code to include certain low-income individuals aged 55 or older as members of a targeted group for purposes of the targeted jobs credit.

Extends the targeted jobs credit from 1985 to 1988.