Florida Senate Passes Bill to Revoke Disney’s Special Tax and Self-Governing Status in the State
thewrap.comWall Street Journal, the Senate passed the bill 23-16. It would end the privileges Disney receives as part of exemptions created in 1967 for an area known as the Reedy Creek Improvement District.
The exemption in effect allows Disney to govern itself on Disney World grounds, including having its own fire department and board of supervisors, as well as its ability to oversee land and environmental regulations.
Past estimates have suggested that Disney saves 10s of millions a year in regulations, taxes and fees because of the privileges, according the WSJ, and repealing the exemption could put a big strain on the company.
The Reedy Creek district spans Disney World’s four theme parks, two water parks and other hotels and retail outlets in the area.
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