LEAP Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 1662 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 1662 To amend the Internal Revenue Code of 1986 to allow employers a credit against income tax for employees who participate in qualified apprenticeship programs. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES February 27, 2025 Ms. Budzinski (for herself, Mr. Carey, Ms. Hoyle of Oregon, and Mr. Krishnamoorthi) introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to allow employers a credit against income tax for employees who participate in qualified apprenticeship programs. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Leveraging and Energizing America's Apprenticeship Programs Act'' or the ``LEAP Act''. SEC. 2. CREDIT FOR EMPLOYEES PARTICIPATING IN QUALIFIED APPRENTICESHIP PROGRAMS. (a) In General.--Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: ``SEC. 45BB. EMPLOYEES PARTICIPATING IN QUALIFIED APPRENTICESHIP PROGRAMS. ``(a) In General.--For purposes of section 38, the apprenticeship credit determined under this section for the taxable year is an amount equal to $1,500 for each of the apprenticeship employees of the employer that exceeds the applicable apprenticeship level (as determined under subsection (d)) during such taxable year. ``(b) Limitation o