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.
The LEAP Act creates a new tax credit for employers who hire workers participating in registered apprenticeship programs. Employers can claim $1,500 per apprentice employee per year, but only for the first two years of each worker's apprenticeship and only for apprentices beyond 80 percent of their average apprentice workforce from the prior three years. The bill applies to workers in officially recognized apprenticeable occupations designated by the Department of Labor, with a special restriction for construction companies (NAICS code 23), which can only claim the credit for pre-apprenticeship graduates who participated in formal pre-apprenticeship programs. The credit takes effect for apprenticeships beginning after the bill's enactment and becomes part of the general business tax credit system. The legislation also includes an unrelated provision directing federal agencies to develop a strategy within 90 days to reduce government printing costs over ten years while maintaining essential printed documents for populations with limited internet access.
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