Senate Bill 1922

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    Florida Senate - 1999                                  SB 1922

    By Senator Sebesta





    20-1454-99                                          See HB 483

  1                      A bill to be entitled

  2         An act relating to the State University System;

  3         creating s. 240.6065, F.S.; establishing

  4         industrial partnership professorships as a

  5         classification of instructional personnel

  6         within the State University System; providing

  7         that such professorships shall be established

  8         by contract; specifying length of term for such

  9         contract; providing for contract renewal and

10         specifying length of term of renewal; providing

11         for contract specifications; providing for

12         contribution by sponsoring corporations;

13         specifying percentage of such contribution;

14         providing for credit against the corporate

15         income tax for contributions made by a

16         sponsoring corporation; creating s. 220.192,

17         F.S.; providing a credit against the corporate

18         income tax for contributions made by a

19         corporation sponsoring an industrial

20         partnership professorship; providing for

21         carryover of the credit; amending s. 220.02,

22         F.S.; providing order of credits against the

23         tax; providing an effective date.

24

25  Be It Enacted by the Legislature of the State of Florida:

26

27         Section 1.  Section 240.6065, Florida Statutes, is

28  created to read:

29         240.6065  Industrial partnership professorships.--

30         (1)  LEGISLATIVE INTENT.--The Legislature recognizes

31  that while mastery of a formal knowledge base within academic

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    Florida Senate - 1999                                  SB 1922
    20-1454-99                                          See HB 483




  1  disciplines is critical to the success of today's university

  2  graduates, there are practical components of many disciplines

  3  which can best and most effectively be transmitted by persons

  4  possessing significant expertise in a particular field gained

  5  through years of practical experience.  The Legislature also

  6  recognizes that this is particularly true in the case of

  7  disciplines in which the rapid pace of technological

  8  development quickly renders even the most recent texts and

  9  research outdated, and that the availability to students of

10  instructors whose primary vocation is as a practitioner,

11  rather than an academic, can be invaluable.

12         (2)  INDUSTRIAL PARTNERSHIP PROFESSORSHIPS.--There is

13  established a classification of instructional personnel within

14  the State University System to be known as industrial

15  partnership professorships.  Such professorships may be

16  established in any discipline for the purpose of bringing into

17  a university setting instructional or research personnel whose

18  formal training and experiential backgrounds are not primarily

19  those required of traditional university faculty or

20  instructional personnel.

21         (a)  Industrial partnership professorships shall be

22  established at any university within the State University

23  System by means of a contract between the university and a

24  corporation or corporations agreeing to sponsor the

25  professorship. A contract for an industrial partnership

26  professorship shall be for a sponsorship minimum of 3 years

27  and may be renewed for additional periods of up to 3 years.

28         (b)  Each contract for an industrial partnership

29  professorship shall include the following specifications:

30         1.  The purposes of the professorship to be

31  established.

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    Florida Senate - 1999                                  SB 1922
    20-1454-99                                          See HB 483




  1         2.  The qualifications for the holders of the

  2  professorship.

  3         3.  The means of selecting individuals to serve in the

  4  professorship.

  5         4.  The length of term of an individual's appointment

  6  to the professorship.

  7         5.  Whether the individual's appointment shall be

  8  renewable.

  9         6.  The duties of the holder of the professorship in

10  terms of research or teaching.

11         7.  The interest in the value of any intellectual

12  property produced as a result of the professorship. Such

13  interest shall be equal to the university's percentage

14  participation in the sponsorship.

15         8.  The amount the sponsoring corporation or

16  corporations are to contribute on a yearly basis to the

17  establishment and maintenance of the professorship.

18         (c)  In making the contract specification of the amount

19  to be contributed by the sponsoring corporation or

20  corporations to the establishment and maintenance of the

21  professorship, the basic cost shall be calculated on a

22  per-position basis, which shall include the salary, benefits,

23  and other associated costs of the professorship.  The

24  sponsoring corporation or corporations shall not assume less

25  than 70 percent of the yearly total cost of the professorship.

26         (d)  In consideration for sponsoring an industrial

27  partnership professorship, the corporation or corporations

28  sponsoring the professorship shall be allowed an annual credit

29  against the corporate income tax, as provided in s. 220.19,

30  for one-half of the amount contributed to the establishment

31

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    Florida Senate - 1999                                  SB 1922
    20-1454-99                                          See HB 483




  1  and maintenance of an industrial partnership professorship

  2  during any calendar year.

  3         Section 2.  Section 220.192, Florida Statutes, is

  4  created to read:

  5         220.192  Industrial partnership professorship tax

  6  credit.--

  7         (1)  A credit against the tax imposed by this chapter

  8  shall be allowed to any private corporation that enters into a

  9  contract with a university within the State University System

10  for the establishment of an industrial partnership

11  professorship as provided in s. 240.6065, which credit shall

12  be equal to the amount of such corporation's contribution

13  during the calendar year to the establishment and maintenance

14  of an industrial partnership professorship.

15         (2)  If any credit granted pursuant to this section is

16  not fully used in the first year for which it becomes

17  available, the unused amount may be carried forward for a

18  period not to exceed 5 years.  The carryover may be used in a

19  subsequent year when the tax imposed by this chapter for such

20  year exceeds the credit for such year under this section after

21  applying the other credits and unused credit carryovers in the

22  order provided in s. 220.02(10).

23         Section 3.  Subsection (10) of section 220.02, Florida

24  Statutes, 1998 Supplement, is amended to read:

25         220.02  Legislative intent.--

26         (10)  It is the intent of the Legislature that credits

27  against either the corporate income tax or the franchise tax

28  be applied in the following order: those enumerated in s.

29  220.68, those enumerated in s. 220.18, those enumerated in s.

30  631.828, those enumerated in s. 220.191, those enumerated in

31  s. 220.181, those enumerated in s. 220.183, those enumerated

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    Florida Senate - 1999                                  SB 1922
    20-1454-99                                          See HB 483




  1  in s. 220.182, those enumerated in s. 220.1895, those

  2  enumerated in s. 221.02, those enumerated in s. 220.184, those

  3  enumerated in s. 220.186, those enumerated in s. 220.188,

  4  those enumerated in s. 220.1845, and those enumerated in s.

  5  220.19, and those enumerated in s. 220.192.

  6         Section 4.  This act shall take effect upon becoming a

  7  law, and shall stand repealed 10 years after the date upon

  8  which the act takes effect, unless reenacted by the

  9  Legislature.

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12                       LEGISLATIVE SUMMARY

13
      Establishes industrial partnership professorships as a
14    classification of instructional personnel within the
      State University System for the purpose of bringing into
15    a university setting instructional and/or research
      personnel whose formal training and experiential
16    backgrounds are not primarily those of traditional
      university faculty or instructional personnel. Provides
17    that such professorships shall be established by
      contract. Specifies that such contracts shall be for a
18    minimum of 3 years, with contract renewal periods of 3
      years. Provides for contract specifications. Provides for
19    contribution by the sponsoring corporation of 70 percent
      of the yearly total cost of establishing and maintaining
20    the professorship. Provides for credit against the
      corporate income tax for such contribution. Provides for
21    carryover of the credit. Provides order of credits
      against the tax.
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