Florida to dissolve self-governing power of Disney

On Thursday, the Florida House of Representatives passed a bill to the Governor that would dissolve Walt Disney World’s self-governing powers.

This bill would lead to tax implications for Disney World as their special status from “The Reedy Creek Improvement Act” from May of 1967 would be over-turned.

This follows a series of disagreements between the Florida Governor, Ron DeSantis, and The Walt Disney World Company, including the passage of the parental rights bill – HB 1557.

Last month, DeSantis stated, “What I would say as a matter of first principle is I don’t support special privileges in law just because a company is powerful and they’ve been able to wield a lot of power… I think what has happened is there’s a lot of these special privileges that are not justifiable, but because Disney had held so much sway, they were able to sustain a lot of special treatment over the years.”

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