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: 45BB. 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 $1,500 for each of the apprenticeship employees of the employer that exceeds the applicable apprenticeship level (as determined under subsection (d)) during such taxable year. (b) Limitation on number of years with respect to 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. (c) Apprenticeship employee For purposes of this section— (1) In general The term apprenticeship employee means any employee who is— (A) employed by the employer 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 (B) currently enrolled in an apprenticeship program. (2) Apprenticeship program The term apprenticeship program means a registered apprenticeship program defined in section 3131(e)(3)(B). (d) Applicable apprenticeship level (1) In general For purposes of this section, the applicable apprenticeship level shall be equal to the amount equal to 80 percent of the average number of such apprenticeship employees of the employer for the 3 taxable years preceding the taxable year for which the credit is being determined, rounded to the next lower whole number. (2) First year of new apprenticeship programs In the case of an employer which did not have any apprenticeship employees during any taxable year in the 3 taxable years preceding the taxable