Florida’s GOP-led House just voted in favor of a bill that would effectively punish Disney for its opposition to the state’s “Don’t Say Gay” law. The measure now goes to Republican Gov. Ron DeSantis' desk to be signed into law
Here’s what to know about the bill and what it means for Disney:The bill would dissolve Disney’s special taxing district in June 2023. Known as the Reedy Creek Improvement District, the 40-square-mile zone allows the company to run its resort like a municipal government.
The status allows Disney to circumvent some state and county regulations when constructing, expanding, or improving its parks, and allows it to run its own emergency services in the district. It’s also exempt from many taxes and fees, which saves the companyStripping Reedy Creek of its special status would remove the Disney resort’s autonomy and likely introduce legislative complications that the company has been able to avoid for 55 years.
It’s unclear exactly how much the proposed legislation could cost the company if passed, but it would also have an impact on local taxpayers. Reedy Creek’s governance would become the responsibility of Orange County and Osceola County. This means that taxpayers could be saddled with millions of dollars in bond debt taken on by Reedy Creek in recent years.
If the new bill is passed into law and the Reedy Creek district is dissolved, the company could apply to reestablish it. At the time of writing, Disney has not yet addressed the issue publicly.Gov. DeSantis is expected to sign the bill into law in short order. It would be a big win for him as he continues to stoke culture war issues ahead of a
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