1. Short title This Act may be cited as the Leveraging and Energizing America’s Apprenticeship Programs Act or the LEAP Act . 2. Credit for employees participating in qualified apprenticeship programs (a) In general Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: 45S. Employees participating in qualified apprenticeship programs (a) In general For purposes of section 38, the apprenticeship credit determined under this section for the taxable year is an amount equal to the sum of the applicable credit amounts (as determined under subsection (b)) for each of the apprenticeship employees of the employer that exceeds the applicable apprenticeship level (as determined under subsection (e)) during such taxable year. (b) Applicable credit amount For purposes of subsection (a), the applicable credit amount for each apprenticeship employee for each taxable year is equal to— (1) in the case of an apprenticeship employee who has not attained 25 years of age at the close of the taxable year, $1,500, or (2) in the case of an apprenticeship employee who has attained 25 years of age at the close of the taxable year, $1,000. (c) Limitation on number of years which credit may be taken into account The apprenticeship credit shall not be allowed for more than 2 taxable years with respect to any apprenticeship employee. (d) Apprenticeship employee For purposes of this section, the term apprenticeship employee means any employee who is employed by the employer— (1) in an officially recognized apprenticeable occupation, as determined by the Office of Apprenticeship of the Employment and Training Administration of the Department of Labor, and (2) pursuant to an apprentice agreement registered with— (A) the Office of Apprenticeship of the Employment and Training Administration of the Department of Labor, or (B) a State apprenticeship agency. (e) Applicable apprenticeship level (1) In general For purposes of this section, the applicable