LEAP Act

This bill amends the Internal Revenue Code of 1986 to establish a new federal income tax credit for employers who hire employees participating in qualified apprenticeship programs. The credit provides $1,500 for each eligible apprenticeship employee who exceeds the employer's "applicable apprenticeship level" for the taxable year. This incentive aims to encourage workforce development by supporting registered apprenticeships, with the credit available for a maximum of two taxable years per employee. An "apprenticeship employee" is defined as an individual employed in an officially recognized apprenticeable occupation by the Department of Labor and currently enrolled in a registered apprenticeship program. For employers in the construction sector (NAICS code 23), the credit has additional requirements, only applying if the employee is a pre-apprenticeship graduate and the employer actively participates in or sponsors an apprenticeship program. This ensures targeted support while preventing potential misuse in specific industries. Separately, the bill directs the Office of Management and Budget (OMB) to coordinate with federal agencies to reduce overall government printing costs over a 10-year period , beginning in fiscal year 2026. This includes identifying publications that can be made available digitally, while safeguarding access to essential printed documents for vulnerable populations. Furthermore, the OMB must establish government-wide guidelines for employee printing and mandate that all public-facing federal publications disclose key information such as the issuing agency, total copies, and collective production cost.