LEAP Act

This bill creates a tax credit for employers who hire employees in qualified apprenticeship programs and also requires the government to reduce printing costs. Sec. 2, Credit for employees in qualified apprenticeship programs: Employers can claim a $1,500 tax credit per apprenticeship employee that exceeds 80% of their average number of such employees over the prior three years, with a zero baseline for new programs. The credit is limited to two years per employee. It applies to employees in recognized apprenticeable occupations enrolled in registered apprenticeship programs, with special rules for construction industry employers requiring pre-apprenticeship graduates and program participation. The credit reduces other related credits and is part of the general business credit. It applies to individuals starting apprenticeship programs after the bill's enactment. Sec. 3, Limitation on government printing costs: Within 90 days, the Office of Management and Budget must coordinate with federal agencies to identify publications that can be moved online, reduce printing costs over ten years (while ensuring essential documents for social security recipients, Medicare beneficiaries, and those with limited internet access remain printed), establish employee printing guidelines, and require each publication to list the issuing agency, total copies printed, collective production cost, and printing entity.