H.R.4238: Leveraging and Energizing America's Apprenticeship Programs Act
Overview
The LEAP Act (4238) would offer a federal tax credit for hiring new apprentices that are registered with the Department of Labor or a state apprenticeship agency. The bill also provides a tax credit of $1,500 for apprentices under 25; the tax credit for apprentices over 25 is $1,000.
The primary function of this bill is to encourage younger Americans to enroll in apprenticeship programs to overcome the “skills gap” (when companies struggle to find workers with the correct training to fill the available jobs) in the United States.