Senate Bill 0074

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    Florida Senate - 2000                                    SB 74

    By Senator Sebesta





    20-150-00

  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; providing for future

17         repeal; creating s. 220.192, F.S.; providing a

18         credit against the corporate income tax for

19         contributions made by a corporation sponsoring

20         an industrial partnership professorship;

21         providing for carryover of the credit;

22         providing for future repeal; amending s.

23         220.02, F.S.; providing order of credits

24         against the tax; providing an effective date.

25

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

27

28         Section 1.  Section 240.6065, Florida Statutes, is

29  created to read:

30         240.6065  Industrial partnership professorships.--

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    Florida Senate - 2000                                    SB 74
    20-150-00




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

  2  that while mastery of a formal knowledge base within academic

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

  4  graduates, there are practical components of many disciplines

  5  which can best and most effectively be transmitted by persons

  6  possessing significant expertise in a particular field gained

  7  through years of practical experience.  The Legislature also

  8  recognizes that this is particularly true in the case of

  9  disciplines in which the rapid pace of technological

10  development quickly renders even the most recent texts and

11  research outdated, and that the availability to students of

12  instructors whose primary vocation is as a practitioner,

13  rather than an academic, can be invaluable.

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

15  established a classification of instructional personnel within

16  the State University System to be known as industrial

17  partnership professorships.  Such professorships may be

18  established in any discipline for the purpose of bringing into

19  a university setting instructional or research personnel whose

20  formal training and experiential backgrounds are not primarily

21  those required of traditional university faculty or

22  instructional personnel.

23         (a)  Industrial partnership professorships shall be

24  established at any university within the State University

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

26  corporation or corporations agreeing to sponsor the

27  professorship. A contract for an industrial partnership

28  professorship shall be for a sponsorship minimum of 3 years

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

30         (b)  Each contract for an industrial partnership

31  professorship shall include the following specifications:

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    Florida Senate - 2000                                    SB 74
    20-150-00




  1         1.  The purposes of the professorship to be

  2  established.

  3         2.  The qualifications for the holders of the

  4  professorship.

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

  6  professorship.

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

  8  to the professorship.

  9         5.  Whether the individual's appointment shall be

10  renewable.

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

12  terms of research or teaching.

13         7.  The interest in the value of any intellectual

14  property produced as a result of the professorship. Such

15  interest shall be equal to the university's percentage

16  participation in the sponsorship.

17         8.  The amount the sponsoring corporation or

18  corporations are to contribute on a yearly basis to the

19  establishment and maintenance of the professorship.

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

21  to be contributed by the sponsoring corporation or

22  corporations to the establishment and maintenance of the

23  professorship, the basic cost shall be calculated on a

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

25  and other associated costs of the professorship.  The

26  sponsoring corporation or corporations may not assume less

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

28         (d)  In consideration for sponsoring an industrial

29  partnership professorship, the corporation or corporations

30  sponsoring the professorship shall be allowed an annual credit

31  against the corporate income tax, as provided in s. 220.192,

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    Florida Senate - 2000                                    SB 74
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  1  for one-half of the amount contributed to the establishment

  2  and maintenance of an industrial partnership professorship

  3  during any calendar year.

  4         (3)  REPEAL.--This section is repealed July 1, 2010.

  5         Section 2.  Section 220.192, Florida Statutes, is

  6  created to read:

  7         220.192  Industrial partnership professorship tax

  8  credit.--

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

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

11  contract with a university within the State University System

12  for the establishment of an industrial partnership

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

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

15  during the calendar year to the establishment and maintenance

16  of an industrial partnership professorship.

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

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

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

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

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

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

23  applying the other credits and unused credit carryovers in the

24  order provided in s. 220.02(10).

25         (3)  This section is repealed July 1, 2010.

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

27  Statutes, as amended by section 17 of chapter 99-378, Laws of

28  Florida, is amended to read:

29         220.02  Legislative intent.--

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

31  against either the corporate income tax or the franchise tax

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    Florida Senate - 2000                                    SB 74
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  1  be applied in the following order: those enumerated in s.

  2  220.18, those enumerated in s. 631.828, those enumerated in s.

  3  220.191, those enumerated in s. 220.181, those enumerated in

  4  s. 220.183, those enumerated in s. 220.182, those enumerated

  5  in s. 220.1895, those enumerated in s. 221.02, those

  6  enumerated in s. 220.184, those enumerated in s. 220.186,

  7  those enumerated in s. 220.188, those enumerated in s.

  8  220.1845, those enumerated in s. 220.19, and those enumerated

  9  in s. 220.185, and those enumerated in s. 220.192.

10         Section 4.  This act shall take effect July 1, 2000.

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13                          SENATE SUMMARY

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

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