An ultrasonic nondestructive evaluation procedure is presented for the ply and interleaf layer properties of carbon/epoxy composite laminates having interleaf resin layers at their interlaminar interfaces. It is shown that the material properties of plies (density, thickness, and transversely isotropic complex elastic moduli) and elastic interleaf layers (density, thickness, Young’s modulus, and Poisson’s ratio) can be identified by best fitting the theoretical energy transmission spectra of longitudinal waves through the laminate immersed in water to those obtained in ultrasonic measurement. It is also demonstrated that compared to the mass-less and null-thickness spring-type interlaminar interface model employed in the previous works, the present finite-thickness interleaf layer model can better reproduce the experimental transmission spectra of a unidirectional interleaved composite laminate containing ultrasonic bandgaps. Furthermore, the property characterization in the case where the plies and interleaf layers are assumed to be elastic and viscoelastic, respectively, is also examined. It is also shown that the ply and interleaf layer properties determined for the unidirectional laminate can be used to reproduce the transmission spectra measured for a quasi-isotropic laminate consisting of the same plies and interleaf layers.