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HR 4973 114th Congress House

Investing in Older Americans Act of 2016

Official title: To amend the Internal Revenue Code of 1986 to provide a work opportunity tax credit for the older long-term unemployed recipient, and for other purposes.

Introduced: April 15, 2016 Introduced by: Watson Coleman, Bonnie Democratic · New Jersey See on congress.gov
Taxation Employee hiringIncome tax creditsUnemploymentWages and earnings
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 15, 2016
Referred to the House Committee on Ways and Means.
Apr 15, 2016
Introduced in House
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 Latest action April 15, 2016

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Investing in Older Americans Act of 2016

This bill amends the Internal Revenue Code to make the Work Opportunity Tax Credit (WOTC) permanent and expand it to include the hiring of older long-term unemployment recipients.

(The WOTC permits employers that hire individuals with certain personal characteristics to claim a tax credit equal to a portion of the wages paid to those individuals.)

A qualified older long-term unemployment recipient is an individual who is certified by the designated local agency as:

  • being at least 55 years of age on the hiring date, and
  • qualified as a long-term unemployment recipient under current law by being unemployed for at least 27 consecutive weeks and receiving state or federal unemployment compensation during that period.

The bill limits to $14,000 the amount of the qualified first-year wages which may be taken into account under the WOTC for a qualified older long-term unemployment recipient.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 4973: Investing in Older Americans Act of 2016. 114th Congress. Open America. https://openamerica.io/bill/114-HR-4973/
MLA
"H.R. 4973: Investing in Older Americans Act of 2016." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-4973/.
Bluebook (legal)
H.R. 4973, 114th Cong. (2026), https://openamerica.io/bill/114-HR-4973/.
Markdown link
[H.R. 4973: Investing in Older Americans Act of 2016](https://openamerica.io/bill/114-HR-4973/)
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