Florida’s state senate passed a bill that would eliminate the special allowances given to the Walt Disney Co. that allows them to largely govern themselves.
According to The Daily Wire, the state senate passed the bill on Wednesday that would eliminate the special taxation of the company that allows them to govern the land where the theme park is located.
“The measure potentially delivers a blow to the company’s operations in the state,” The Wall Street Journal reported.
“The special district, created in 1967 and known as the Reedy Creek Improvement District, exempts Disney from a host of regulations and certain taxes and fees related to emergency services and road maintenance.”
According to this report the special taxation district saves Disney tens of millions in potential taxation per year, which the bill now heading to Florida’s Republican-led House would end that special allowance.
House Speaker Chris Sprowls discussed the legislation, noting that there was a push for the legislation that was swelling in response to Disney opposing the “Parental Rights in Education” bill.
“They used their platform to perpetuate what we believe to be a lie, which is that the bill did one thing that it really didn’t do at all,” Sprowls said. “I think the governor’s anger was well placed.”
Florida’s Gov. Ron DeSantis (R) has indicated that he would sign the bill into law if it reaches his desk:
“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,” DeSantis said during a press conference last month.
“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.”
The company’s rights to self-govern were created in 1967 when the Reedy Creek Improvement Act was signed into law.