A family of Microsoft spreadsheet software with tools for analyzing, charting, and communicating data.
This is by design; this error has been present in all versions of Excel for Windows.
When Microsoft introduced Excel for Windows in 1987, Lotus 1-2-3 was the dominant spreadsheet program, and Lotus 1-2-3 counted 1900 as a leap year. To win over Lotus customers, Excel had to be 100% compatible with it, so the developers deliberately built this error into Excel too.
Once Excel had become the major spreadsheet program, there were so many workbooks in use that removing the error would break many existing spreadsheets, so it was left, and it's unlikely that it will be removed.