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Federal

LEAP Act

Source: Congress.gov  ·  1,553 words in original text
This bill creates a new tax credit (a reduction in taxes owed) that employers can receive for hiring employees in apprenticeship programs. Employers would get $1,500 for each apprentice they hire above a certain level. The bill also requires the federal government to reduce printing costs and provide information about those costs on printed documents.
Employers who hire apprentices in registered apprenticeship programs. Federal agencies and departments that print and distribute documents to the public. Apprentices enrolled in qualified apprenticeship programs.
Employers receive a tax credit of $1,500 for each apprentice employee who exceeds their "applicable apprenticeship level" during a tax year (Sec. 2(a)). The tax credit applies only to employees in officially recognized apprenticeable occupations as determined by the Office of Apprenticeship of the Employment and Training Administration of the Department of Labor (Sec. 2(c)(1)(A)). Employers cannot claim the credit for the same apprentice for more than 2 tax years (Sec. 2(b)). Employers in industries with a specific North American Industry Classification System code beginning with 23 cannot claim the credit unless they hire pre-apprenticeship graduates who completed preparation programs and the employer sponsors or participates in an apprenticeship program (Sec. 2(e)). The federal government must coordinate efforts within 90 days to reduce printing costs and require agencies to list the printing cost, number of copies printed, issuing agency name and the publishing entity on all public documents (Sec. 3).
Employers with apprentices in qualified programs will be able to reduce their federal income taxes by $1,500 per apprentice (up to 2 years per apprentice) if they exceed their baseline apprenticeship level. Federal agencies will need to publicly disclose printing costs and copy numbers on all printed documents distributed to the public.
"Apprenticeship employee" means any employee working in an officially recognized apprenticeable occupation and currently enrolled in an apprenticeship program (Sec. 2(c)(1)). "Apprenticeship program" means a registered apprenticeship program (Sec. 2(c)(2)). "Applicable apprenticeship level" means 80 percent of the average number of apprentice employees from the 3 previous tax years, rounded down. For employers new to apprenticeships, this level equals zero (Sec. 2(d)). "Pre-apprenticeship graduate" means someone who completed a pre-apprenticeship program designed to prepare participants to enter apprenticeship programs (Sec. 2(e)(2)).
The amendments apply to individuals who start apprenticeship programs after the bill becomes law (Sec. 2(e)).
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.