FL S1208

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

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

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 apprenticeship tax credit to the list of corporate income tax credits in section 220.02 and requires the credit amount to be added back in calculating adjusted federal income under section 220.13.

Takes effect July 1, 2011.