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-Great Cultural Revolution
Florida's Legislature Abolishes Disney's Special Tax Avoidance Scam
2022-04-22
[REDSTATE] On Wednesday, the Florida Senate passed a bill to abolish the “Reedy Creek Improvement District." This "improvement district" was created to benefit the Disney corporation in 1967. Today, the Florida House of Representatives passed the bill and sent it to Governor Ron DeSantis
...Republican governor of Florida, stone in the shoe of the Dems and their ilk, maybe one-day president...
 for signature.

The bill passed by the legislature on Thursday would eliminate the Reedy Creek Improvement District, as the Disney government is known, as well as a handful of other similar districts by June 2023. The measure does allow for the districts to be reestablished, leaving an avenue to renegotiate its future. It now moves to DeSantis’ office to be signed into law.
Related:
Reedy Creek Improvement District: 2022-04-21 Florida votes to strip Disney of privileged tax and self governing status: Ron DeSantis strikes first blood in culture war win as panicked media giant considers 'bringing back Bob Iger' to steady rocky ship
Reedy Creek Improvement District: 2022-03-31 Florida GOP threatens to take Disney's privileges away over 'Don't Say Gay' opposition
Posted by:Fred

#5  It'll be interesting what the building inspectors find...
Posted by: BrerRabbit   2022-04-22 17:12  

#4  It was never a "tax avoidance scam". It was a deal to support economic development in an area that was swamps and orange groves before Walt came looking.

Disney shareholders should be suing the board and executives for the stunts that cost the company the arrangement.
Posted by: Rob Crawford   2022-04-22 13:31  

#3  The interesting this is Universal Studios does not have this same arrangement.

Disney is being demoted to Universal Studios status. If Universal can make a profit without this special status, why can't Disney?

Posted by: Chunky Mussolini7120   2022-04-22 11:50  

#2  Disney and Biden will love this;
Posted by: Dale   2022-04-22 07:40  

#1  I wish he could get Constitutional Carry done this quickly...
Posted by: M. Murcek   2022-04-22 02:58  

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