H.R. 1662 — LEAP Act

This section establishes a new general business credit (IRC §45BB) equal to $1,500 for each qualifying apprenticeship employee (i.e., one employed by the taxpayer in a Department of Labor-recognized apprenticeable occupation and enrolled in a registered apprenticeship program) that exceeds the taxpayer's applicable apprenticeship level (i.e., 80% of the average number of such employees over the prior three taxable years, rounded down to the next whole number; zero for employers with no prior apprenticeship employees), limited to two taxable years per employee. The credit is unavailable for employees in construction industries (NAICS codes beginning with 23) unless the employee is a pre-apprenticeship graduate (i.e., completer of a program aligned with apprenticeship standards, with formal agreements for entry into apprenticeships) and the employer participates in or sponsors an apprenticeship program. The credit reduces amounts allowable under IRC §§45A, 51(a), and 1396(a) for the same employee and is subject to double-benefit denial rules under §280C(a). The amendments apply to individuals commencing apprenticeship programs after the date of enactment.

This section directs the Director of the Office of Management and Budget, not later than 90 days after enactment, to coordinate with heads of federal departments and agencies to—(1) identify government publications for online-only availability (except essential printed documents for Social Security recipients, Medicare beneficiaries, and populations with limited internet access) and develop a strategy to reduce overall government printing costs over the 10-year period beginning in FY2026; (2) establish government-wide guidelines on employee printing; and (3) require each publication distributed to the public to list prominently the issuing entity, total copies printed, collective production and printing costs, and publishing entity name.