FL H0297

Establishes the Postsecondary School-to-Work Program administered jointly by the State Board of Education, Board of Governors, and Department of Revenue, enabling postsecondary students to earn course credit while working as apprentices with private businesses in their field of study.

Provides participating businesses a corporate income tax credit of 5 percent per apprentice, up to 10 percent maximum for two apprentices.

Requires the State Board of Education and Department of Revenue to adopt rules and the Board of Governors to adopt regulations to administer the program.

Adds the school-to-work tax credit to the list of corporate income tax credits under Florida law and requires the credit amount to be added back when calculating adjusted federal income for tax purposes.

Takes effect July 1, 2011.