Adopt the Community Reinvestment and Equity Act, establish an excise tax, and create a fund and a grant program

Summary

The bill would tax the gross receipts of certain retailers located in federally‑designated disadvantaged census tracts. Collected taxes would go into a new Community Reinvestment Fund that finances health centers, homeless services, re‑entry housing, healthy‑food access, childcare and community‑development projects. Businesses would have to report their contributions each year and would be publicly rated, with incentives for high‑scoring firms and fines for non‑compliance.

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