1. Short title This Act may be cited as the Skill and Knowledge Investments Leverage Leaders’ Untapped Potential Tax Credit Act of 2020 or the SKILL UP Act of 2020 . 2. Work opportunity tax credit for participation in qualifying work-based learning programs (a) In general Paragraph (1) of section 51(d) of the Internal Revenue Code of 1986 is amended by striking or at the end of subparagraph (I), by striking the period at the end of subparagraph (J) and inserting , or , and by inserting after subparagraph (J) the following: (K) a qualified work-based learning participant. . (b) Wages per year taken into account Paragraph (3) of section 51(b) of such Code is amended by inserting or who is a qualified work-based learning participant after subsection (d)(3)(A)(ii)(II) . (c) Qualified Work-Based Learning Participant Section 51(d) of such Code is amended by adding at the end the following: (16) Qualified Work-Based Learning Participant (A) In general The term qualified work-based learning participant means an individual who— (i) is a member of one of the targeted group referred to in subparagraphs (A) through (J) of paragraph (1), and (ii) enrolled in a qualifying work-based learning opportunity either— (I) within 3-month period beginning on the hiring date, or (II) in the case of a program described in subparagraph (B)(iii), during the six-month period prior to the hiring date. (B) Qualifying work-based learning opportunity For the purpose of this paragraph, the term qualifying work-based learning opportunity means— (i) an apprenticeship program registered under the Act of August 16, 1937 (commonly known as the National Apprenticeship Act; 50 Stat. 664, chapter 663