HB 0015CS

CHAMBER ACTION



1The Commerce Council recommends the following:
2
3     Council/Committee Substitute
4     Remove the entire bill and insert:
5
A bill to be entitled
6An act relating to the community contribution tax credit
7program; amending s. 212.08, F.S.; increasing the amount
8of available annual community contribution tax credits;
9requiring the Office of Tourism, Trade, and Economic
10Development to reserve portions of certain annual tax
11credits for donations made to eligible sponsors for
12projects that provide homeownership opportunities for
13certain households; providing requirements, criteria, and
14limitations; extending an expiration date; amending s.
15220.03, F.S.; revising a definition to delete a provision
16authorizing the office to reserve certain portions of
17available annual tax credits for donations made to
18eligible sponsors for projects that provide homeownership
19opportunities for certain households; extending an
20expiration date; amending s. 220.183, F.S.; increasing the
21amount of available annual community contribution tax
22credits; revising eligibility criteria; requiring the
23Office of Tourism, Trade, and Economic Development to
24reserve portions of certain annual tax credits for
25donations made to eligible sponsors for projects that
26provide homeownership opportunities for certain
27households; providing requirements, criteria, and
28limitations; extending an expiration date; amending s.
29624.5105, F.S.; increasing the amount of available annual
30community contribution tax credits; limiting application
31of certain retaliatory tax provisions under certain
32circumstances; revising tax credit eligibility criteria;
33requiring the Office of Tourism, Trade, and Economic
34Development to reserve portions of certain annual tax
35credits for donations made to eligible sponsors for
36projects that provide homeownership opportunities for
37certain households; providing requirements, criteria, and
38limitations; extending an expiration date; providing an
39effective date.
40
41Be It Enacted by the Legislature of the State of Florida:
42
43     Section 1.  Paragraph (q) of subsection (5) of section
44212.08, Florida Statutes, is amended to read:
45     212.08  Sales, rental, use, consumption, distribution, and
46storage tax; specified exemptions.--The sale at retail, the
47rental, the use, the consumption, the distribution, and the
48storage to be used or consumed in this state of the following
49are hereby specifically exempt from the tax imposed by this
50chapter.
51     (5)  EXEMPTIONS; ACCOUNT OF USE.--
52     (q)  Community contribution tax credit for donations.--
53     1.  Authorization.--Beginning July 1, 2001, persons who are
54registered with the department under s. 212.18 to collect or
55remit sales or use tax and who make donations to eligible
56sponsors are eligible for tax credits against their state sales
57and use tax liabilities as provided in this paragraph:
58     a.  The credit shall be computed as 50 percent of the
59person's approved annual community contribution;
60     b.  The credit shall be granted as a refund against state
61sales and use taxes reported on returns and remitted in the 12
62months preceding the date of application to the department for
63the credit as required in sub-subparagraph 3.c. If the annual
64credit is not fully used through such refund because of
65insufficient tax payments during the applicable 12-month period,
66the unused amount may be included in an application for a refund
67made pursuant to sub-subparagraph 3.c. in subsequent years
68against the total tax payments made for such year. Carryover
69credits may be applied for a 3-year period without regard to any
70time limitation that would otherwise apply under s. 215.26;
71     c.  A No person may not shall receive more than $200,000 in
72annual tax credits for all approved community contributions made
73in any one year;
74     d.  All proposals for the granting of the tax credit shall
75require the prior approval of the Office of Tourism, Trade, and
76Economic Development;
77     e.  The total amount of tax credits which may be granted
78for all programs approved under this paragraph, s. 220.183, and
79s. 624.5105 is $12 $10 million annually; and
80     f.  A person who is eligible to receive the credit provided
81for in this paragraph, s. 220.183, or s. 624.5105 may receive
82the credit only under the one section of the person's choice.
83     2.  Eligibility requirements.--
84     a.  A community contribution by a person must be in the
85following form:
86     (I)  Cash or other liquid assets;
87     (II)  Real property;
88     (III)  Goods or inventory; or
89     (IV)  Other physical resources as identified by the Office
90of Tourism, Trade, and Economic Development.
91     b.  All community contributions must be reserved
92exclusively for use in a project. As used in this sub-
93subparagraph, the term "project" means any activity undertaken
94by an eligible sponsor which is designed to construct, improve,
95or substantially rehabilitate housing that is affordable to low-
96income or very-low-income households as defined in s.
97420.9071(19) and (28); designed to provide commercial,
98industrial, or public resources and facilities; or designed to
99improve entrepreneurial and job-development opportunities for
100low-income persons. A project may be the investment necessary to
101increase access to high-speed broadband capability in rural
102communities with enterprise zones, including projects that
103result in improvements to communications assets that are owned
104by a business. A project may include the provision of museum
105educational programs and materials that are directly related to
106any project approved between January 1, 1996, and December 31,
1071999, and located in an enterprise zone as referenced in s.
108290.00675. This paragraph does not preclude projects that
109propose to construct or rehabilitate housing for low-income or
110very-low-income households on scattered sites. The Office of
111Tourism, Trade, and Economic Development may reserve up to 50
112percent of the available annual tax credits for housing for
113very-low-income households pursuant to s. 420.9071(28) for the
114first 6 months of the fiscal year. With respect to housing,
115contributions may be used to pay the following eligible low-
116income and very-low-income housing-related activities:
117     (I)  Project development impact and management fees for
118low-income or very-low-income housing projects;
119     (II)  Down payment and closing costs for eligible persons,
120as defined in s. 420.9071(19) and (28);
121     (III)  Administrative costs, including housing counseling
122and marketing fees, not to exceed 10 percent of the community
123contribution, directly related to low-income or very-low-income
124projects; and
125     (IV)  Removal of liens recorded against residential
126property by municipal, county, or special district local
127governments when satisfaction of the lien is a necessary
128precedent to the transfer of the property to an eligible person,
129as defined in s. 420.9071(19) and (28), for the purpose of
130promoting home ownership. Contributions for lien removal must be
131received from a nonrelated third party.
132     c.  The project must be undertaken by an "eligible
133sponsor," which includes:
134     (I)  A community action program;
135     (II)  A nonprofit community-based development organization
136whose mission is the provision of housing for low-income or
137very-low-income households or increasing entrepreneurial and
138job-development opportunities for low-income persons;
139     (III)  A neighborhood housing services corporation;
140     (IV)  A local housing authority created under chapter 421;
141     (V)  A community redevelopment agency created under s.
142163.356;
143     (VI)  The Florida Industrial Development Corporation;
144     (VII)  A historic preservation district agency or
145organization;
146     (VIII)  A regional workforce board;
147     (IX)  A direct-support organization as provided in s.
1481009.983;
149     (X)  An enterprise zone development agency created under s.
150290.0056;
151     (XI)  A community-based organization incorporated under
152chapter 617 which is recognized as educational, charitable, or
153scientific pursuant to s. 501(c)(3) of the Internal Revenue Code
154and whose bylaws and articles of incorporation include
155affordable housing, economic development, or community
156development as the primary mission of the corporation;
157     (XII)  Units of local government;
158     (XIII)  Units of state government; or
159     (XIV)  Any other agency that the Office of Tourism, Trade,
160and Economic Development designates by rule.
161
162In no event may a contributing person have a financial interest
163in the eligible sponsor.
164     d.  The project must be located in an area designated an
165enterprise zone or a Front Porch Florida Community pursuant to
166s. 20.18(6), unless the project increases access to high-speed
167broadband capability for rural communities with enterprise zones
168but is physically located outside the designated rural zone
169boundaries. Any project designed to construct or rehabilitate
170housing for low-income or very-low-income households as defined
171in s. 420.0971(19) and (28) is exempt from the area requirement
172of this sub-subparagraph.
173     e.(I)  For the first 6 months of the fiscal year, the
174Office of Tourism, Trade, and Economic Development shall reserve
17580 percent of the first $10 million in available annual tax
176credits, and 70 percent of any available annual tax credits in
177excess of $10 million, for donations made to eligible sponsors
178for projects that provide homeownership opportunities for low-
179income or very-low-income households as defined in s.
180420.9071(19) and (28). If any such reserved annual tax credits
181remain after the first 6 months of the fiscal year, the office
182may approve the balance of such available credits for donations
183made to eligible sponsors for projects other than those that
184provide homeownership opportunities for low-income or very-low-
185income households.
186     (II)  For the first 6 months of the fiscal year, the office
187shall reserve 20 percent of the first $10 million in available
188annual tax credits, and 30 percent of any available annual tax
189credits in excess of $10 million, for donations made to eligible
190sponsors for projects other than those that provide
191homeownership opportunities for low-income or very-low-income
192households as defined in s. 420.9071(19) and (28). If any such
193reserved annual tax credits remain after the first 6 months of
194the fiscal year, the office may approve the balance of such
195available credits for donations made to eligible sponsors for
196projects that provide homeownership opportunities for low-income
197or very-low-income households.
198     (III)  If, during the first 10 business days of the state
199fiscal year, eligible tax credit applications are received for
200less than the available annual tax credits reserved under sub-
201sub-subparagraph (I), the office shall grant tax credits for
202such applications and shall grant remaining tax credits on a
203first-come, first-served basis for any subsequent eligible
204applications received before the end of the first 6 months of
205the state fiscal year. If, during the first 10 business days of
206the state fiscal year, eligible tax credit applications are
207received for more than the available annual tax credits reserved
208under sub-sub-subparagraph (I), the office shall grant the tax
209credits for such applications as follows:
210     (A)  If tax credit applications submitted for approved
211projects of an eligible sponsor do not exceed $200,000 in total,
212the credits shall be granted in full if the tax credit
213applications are approved, subject to the provisions of sub-sub-
214subparagraph (I).
215     (B)  If tax credit applications submitted for approved
216projects of an eligible sponsor exceed $200,000 in total, the
217amount of tax credits granted pursuant to sub-sub-sub-
218subparagraph (A) shall be subtracted from the amount of
219available tax credits pursuant to sub-sub-subparagraph (I), and
220the remaining credits shall be granted to each approved tax
221credit application on a pro rata basis.
222     (C)  If, after the first 6 months of the fiscal year,
223additional credits become available pursuant to sub-sub-
224subparagraph (II), the office shall grant the tax credits by
225first granting to those who received a pro rata reduction up to
226the full amount of their request and, if there are remaining
227credits, granting credits to those who applied on or after the
22811th business day of the state fiscal year on a first-come,
229first-served basis.
230     (IV)  If, during the first 10 business days of the state
231fiscal year, eligible tax credit applications are received for
232less than the available annual tax credits reserved under sub-
233sub-subparagraph (II), the office shall grant tax credits for
234such applications and shall grant remaining tax credits on a
235first-come, first-served basis for any subsequent eligible
236applications received before the end of the first 6 months of
237the state fiscal year. If, during the first 10 business days of
238the state fiscal year, eligible tax credit applications are
239received for more than the available annual tax credits reserved
240under sub-sub-subparagraph (II), the office shall grant the tax
241credits for such applications on a pro rata basis. If, after the
242first 6 months of the fiscal year, additional credits become
243available pursuant to sub-sub-subparagraph (I), the office shall
244grant the tax credits by first granting to those who received a
245pro rata reduction up to the full amount of their request and,
246if there are remaining credits, granting credits to those who
247applied on or after the 11th business day of the state fiscal
248year on a first-come, first-served basis.
249     3.  Application requirements.--
250     a.  Any eligible sponsor seeking to participate in this
251program must submit a proposal to the Office of Tourism, Trade,
252and Economic Development which sets forth the name of the
253sponsor, a description of the project, and the area in which the
254project is located, together with such supporting information as
255is prescribed by rule. The proposal must also contain a
256resolution from the local governmental unit in which the project
257is located certifying that the project is consistent with local
258plans and regulations.
259     b.  Any person seeking to participate in this program must
260submit an application for tax credit to the Office of Tourism,
261Trade, and Economic Development which sets forth the name of the
262sponsor, a description of the project, and the type, value, and
263purpose of the contribution. The sponsor shall verify the terms
264of the application and indicate its receipt of the contribution,
265which verification must be in writing and accompany the
266application for tax credit. The person must submit a separate
267tax credit application to the office for each individual
268contribution that it makes to each individual project.
269     c.  Any person who has received notification from the
270Office of Tourism, Trade, and Economic Development that a tax
271credit has been approved must apply to the department to receive
272the refund. Application must be made on the form prescribed for
273claiming refunds of sales and use taxes and be accompanied by a
274copy of the notification. A person may submit only one
275application for refund to the department within any 12-month
276period.
277     4.  Administration.--
278     a.  The Office of Tourism, Trade, and Economic Development
279may adopt rules pursuant to ss. 120.536(1) and 120.54 necessary
280to administer this paragraph, including rules for the approval
281or disapproval of proposals by a person.
282     b.  The decision of the Office of Tourism, Trade, and
283Economic Development must be in writing, and, if approved, the
284notification shall state the maximum credit allowable to the
285person. Upon approval, the office shall transmit a copy of the
286decision to the Department of Revenue.
287     c.  The Office of Tourism, Trade, and Economic Development
288shall periodically monitor all projects in a manner consistent
289with available resources to ensure that resources are used in
290accordance with this paragraph; however, each project must be
291reviewed at least once every 2 years.
292     d.  The Office of Tourism, Trade, and Economic Development
293shall, in consultation with the Department of Community Affairs,
294the Florida Housing Finance Corporation, and the statewide and
295regional housing and financial intermediaries, market the
296availability of the community contribution tax credit program to
297community-based organizations.
298     5.  Expiration.--This paragraph expires June 30, 2015 2005;
299however, any accrued credit carryover that is unused on that
300date may be used until the expiration of the 3-year carryover
301period for such credit.
302     Section 2.  Paragraph (t) of subsection (1) of section
303220.03, Florida Statutes, is amended to read:
304     220.03  Definitions.--
305     (1)  SPECIFIC TERMS.--When used in this code, and when not
306otherwise distinctly expressed or manifestly incompatible with
307the intent thereof, the following terms shall have the following
308meanings:
309     (t)  "Project" means any activity undertaken by an eligible
310sponsor, as defined in s. 220.183(2)(c), which is designed to
311construct, improve, or substantially rehabilitate housing that
312is affordable to low-income or very-low-income households as
313defined in s. 420.9071(19) and (28); designed to provide
314commercial, industrial, or public resources and facilities; or
315designed to improve entrepreneurial and job-development
316opportunities for low-income persons. A project may be the
317investment necessary to increase access to high-speed broadband
318capability in rural communities with enterprise zones, including
319projects that result in improvements to communications assets
320that are owned by a business. A project may include the
321provision of museum educational programs and materials that are
322directly related to any project approved between January 1,
3231996, and December 31, 1999, and located in an enterprise zone
324as referenced in s. 290.00675. This paragraph does not preclude
325projects that propose to construct or rehabilitate low-income or
326very-low-income housing on scattered sites. The Office of
327Tourism, Trade, and Economic Development may reserve up to 50
328percent of the available annual tax credits under s. 220.181 for
329housing for very-low-income households pursuant to s.
330420.9071(28) for the first 6 months of the fiscal year. With
331respect to housing, contributions may be used to pay the
332following eligible project-related activities:
333     1.  Project development, impact, and management fees for
334low-income or very-low-income housing projects;
335     2.  Down payment and closing costs for eligible persons, as
336defined in s. 420.9071(19) and (28);
337     3.  Administrative costs, including housing counseling and
338marketing fees, not to exceed 10 percent of the community
339contribution, directly related to low-income or very-low-income
340projects; and
341     4.  Removal of liens recorded against residential property
342by municipal, county, or special-district local governments when
343satisfaction of the lien is a necessary precedent to the
344transfer of the property to an eligible person, as defined in s.
345420.9071(19) and (28), for the purpose of promoting home
346ownership. Contributions for lien removal must be received from
347a nonrelated third party.
348
349The provisions of this paragraph shall expire and be void on
350June 30, 2015 2005.
351     Section 3.  Paragraph (c) of subsection (1), paragraph (b)
352of subsection (2), and subsection (5) of section 220.183,
353Florida Statutes, are amended to read:
354     220.183  Community contribution tax credit.--
355     (1)  AUTHORIZATION TO GRANT COMMUNITY CONTRIBUTION TAX
356CREDITS; LIMITATIONS ON INDIVIDUAL CREDITS AND PROGRAM
357SPENDING.--
358     (c)  The total amount of tax credit which may be granted
359for all programs approved under this section, s. 212.08(5)(q),
360and s. 624.5105 is $12 $10 million annually.
361     (2)  ELIGIBILITY REQUIREMENTS.--
362     (b)1.  All community contributions must be reserved
363exclusively for use in projects as defined in s. 220.03(1)(t).
364     2.  For the first 6 months of the fiscal year, the Office
365of Tourism, Trade, and Economic Development shall may reserve 80
366up to 50 percent of the first $10 million in available annual
367tax credits, and 70 percent of any available annual tax credits
368in excess of $10 million, for housing for donations made to
369eligible sponsors for projects that provide homeownership
370opportunities for low-income or very-low-income households as
371defined in pursuant to s. 420.9071(19) and (28) for the first 6
372months of the fiscal year. If any such reserved annual tax
373credits remain after the first 6 months of the fiscal year, the
374office may approve the balance of such available credits for
375donations made to eligible sponsors for projects other than
376those that provide homeownership opportunities for low-income or
377very-low-income households.
378     3.  For the first 6 months of the fiscal year, the office
379shall reserve 20 percent of the first $10 million in available
380annual tax credits, and 30 percent of any available annual tax
381credits in excess of $10 million, for donations made to eligible
382sponsors for projects other than those that provide
383homeownership opportunities for low-income or very-low-income
384households as defined in s. 420.9071(19) and (28). If any such
385reserved annual tax credits remain after the first 6 months of
386the fiscal year, the office may approve the balance of such
387available credits for donations made to eligible sponsors for
388projects that provide homeownership opportunities for low-income
389or very-low-income households.
390     4.  If, during the first 10 business days of the state
391fiscal year, eligible tax credit applications are received for
392less than the available annual tax credits reserved under
393subparagraph 2., the office shall grant tax credits for such
394applications and shall grant remaining tax credits on a first-
395come, first-served basis for any subsequent eligible
396applications received before the end of the first 6 months of
397the state fiscal year. If, during the first 10 business days of
398the state fiscal year, eligible tax credit applications are
399received for more than the available annual tax credits reserved
400under subparagraph 2., the office shall grant the tax credits
401for such applications as follows:
402     a.  If tax credit applications submitted for approved
403projects of an eligible sponsor do not exceed $200,000 in total,
404the credits shall be granted in full if the tax credit
405applications are approved, subject to the provisions of
406subparagraph 2.
407     b.  If tax credit applications submitted for approved
408projects of an eligible sponsor exceed $200,000 in total, the
409amount of tax credits granted pursuant to sub-subparagraph a.
410shall be subtracted from the amount of available tax credits
411pursuant to subparagraph 2., and the remaining credits shall be
412granted to each approved tax credit application on a pro rata
413basis.
414     c.  If, after the first 6 months of the fiscal year,
415additional credits become available pursuant to subparagraph 3.,
416the office shall grant the tax credits by first granting to
417those who received a pro rata reduction up to the full amount of
418their request and, if there are remaining credits, granting
419credits to those who applied on or after the 11th business day
420of the state fiscal year on a first-come, first-served basis.
421     5.  If, during the first 10 business days of the state
422fiscal year, eligible tax credit applications are received for
423less than the available annual tax credits reserved under
424subparagraph 3., the office shall grant tax credits for such
425applications and shall grant remaining tax credits on a first-
426come, first-served basis for any subsequent eligible
427applications received before the end of the first 6 months of
428the state fiscal year. If, during the first 10 business days of
429the state fiscal year, eligible tax credit applications are
430received for more than the available annual tax credits reserved
431under subparagraph 3., the office shall grant the tax credits
432for such applications on a pro rata basis. If, after the first 6
433months of the fiscal year, additional credits become available
434pursuant to subparagraph 2., the office shall grant the tax
435credits by first granting to those who received a pro rata
436reduction up to the full amount of their request and, if there
437are remaining credits, granting credits to those who applied on
438or after the 11th business day of the state fiscal year on a
439first-come, first-served basis.
440     (5)  EXPIRATION.--The provisions of this section, except
441paragraph (1)(e), shall expire and be void on June 30, 2015
4422005.
443     Section 4.  Paragraph (c) of subsection (1) and subsection
444(6) of section 624.5105, Florida Statutes, are amended,
445paragraph (f) is added to subsection (1), and paragraph (e) is
446added to subsection (2) of said section, to read:
447     624.5105  Community contribution tax credit; authorization;
448limitations; eligibility and application requirements;
449administration; definitions; expiration.--
450     (1)  AUTHORIZATION TO GRANT TAX CREDITS; LIMITATIONS.--
451     (c)  The total amount of tax credit which may be granted
452for all programs approved under this section and ss.
453212.08(5)(q) and s. 220.183 is $12 $10 million annually.
454     (f)  An insurer that claims a credit against premium tax
455liability earned by making a community contribution under this
456section need not pay any additional retaliatory tax levied under
457s. 624.5091 as a result of claiming such a credit. Section
458624.5091 does not limit such a credit in any manner.
459     (2)  ELIGIBILITY REQUIREMENTS.--
460     (e)1.  For the first 6 months of the fiscal year, the
461Office of Tourism, Trade, and Economic Development shall reserve
46280 percent of the first $10 million in available annual tax
463credits, and 70 percent of any available annual tax credits in
464excess of $10 million, for donations made to eligible sponsors
465for projects that provide homeownership opportunities for low-
466income or very-low-income households as defined in s.
467420.9071(19) and (28). If any such reserved annual tax credits
468remain after the first 6 months of the fiscal year, the office
469may approve the balance of such available credits for donations
470made to eligible sponsors for projects other than those that
471provide homeownership opportunities for low-income or very-low-
472income households.
473     2.  For the first 6 months of the fiscal year, the office
474shall reserve 20 percent of the first $10 million in available
475annual tax credits, and 30 percent of any available annual tax
476credits in excess of $10 million, for donations made to eligible
477sponsors for projects other than those that provide
478homeownership opportunities for low-income or very-low-income
479households as defined in s. 420.9071(19) and (28). If any such
480reserved annual tax credits remain after the first 6 months of
481the fiscal year, the office may approve the balance of such
482available credits for donations made to eligible sponsors for
483projects that provide homeownership opportunities for low-income
484or very-low-income households.
485     3.  If, during the first 10 business days of the state
486fiscal year, eligible tax credit applications are received for
487less than the available annual tax credits reserved under
488subparagraph 1., the office shall grant tax credits for such
489applications and shall grant remaining tax credits on a first-
490come, first-served basis for any subsequent eligible
491applications received before the end of the first 6 months of
492the state fiscal year. If, during the first 10 business days of
493the state fiscal year, eligible tax credit applications are
494received for more than the available annual tax credits reserved
495under subparagraph 1., the office shall grant the tax credits
496for such applications as follows:
497     a.  If tax credit applications submitted for approved
498projects of an eligible sponsor do not exceed $200,000 in total,
499the credits shall be granted in full if the tax credit
500applications are approved, subject to the provisions of
501subparagraph 1.
502     b.  If tax credit applications submitted for approved
503projects of an eligible sponsor exceed $200,000 in total, the
504amount of tax credits granted pursuant to sub-subparagraph a.
505shall be subtracted from the amount of available tax credits
506pursuant to subparagraph 1., and the remaining credits shall be
507granted to each approved tax credit application on a pro rata
508basis.
509     c.  If, after the first 6 months of the fiscal year,
510additional credits become available pursuant to subparagraph 2.,
511the office shall grant the tax credits by first granting to
512those who received a pro rata reduction up to the full amount of
513their request and, if there are remaining credits, granting
514credits to those who applied on or after the 11th business day
515of the state fiscal year on a first-come, first-served basis.
516     4.  If, during the first 10 business days of the state
517fiscal year, eligible tax credit applications are received for
518less than the available annual tax credits reserved under
519subparagraph 2., the office shall grant tax credits for such
520applications and shall grant remaining tax credits on a first-
521come, first-served basis for any subsequent eligible
522applications received before the end of the first 6 months of
523the state fiscal year. If, during the first 10 business days of
524the state fiscal year, eligible tax credit applications are
525received for more than the available annual tax credits reserved
526under subparagraph 2., the office shall grant the tax credits
527for such applications on a pro rata basis. If, after the first 6
528months of the fiscal year, additional credits become available
529pursuant to subparagraph 1., the office shall grant the tax
530credits by first granting to those who received a pro rata
531reduction up to the full amount of their request and, if there
532are remaining credits, granting credits to those who applied on
533or after the 11th business day of the state fiscal year on a
534first-come, first-served basis.
535     (6)  EXPIRATION.--The provisions of this section, except
536paragraph (1)(e), shall expire and be void on June 30, 2015
5372005.
538     Section 5.  This act shall take effect July 1, 2005.


CODING: Words stricken are deletions; words underlined are additions.