Disney’s Special Tax Treatment Coming to an End in Florida

The Florida Senate recently passed the bill to stop Disney’s special tax treatment and governing jurisdiction. The bill, S. 4-C, would dissipate the Reedy Creek Improvement District that has helped Disney for years. 

Disney and Florida officials have been bashing heads lately with the passing of the Don’t Say Gay bill, which stops public education in Florida from teaching children about gender topics and diversity at a young age such as Kingergarten. 

Tax Treatment Began Years Ago

In 1967, the Florida legislature allowed special treatment towards the development of certain areas to help the economic development and growth in Florida. Disney falls into that jurisdiction and it has been a mutual process for years. 

Due to the backlash that Disney has given to Governor Ron Desantis and other Republican officials in Florida, the latest move is a sign of brilliance. Florida officials have stated that Disney is a guest of Florida and they need to be reminded of that. 

Disney Put in their Place 

With DeSantis’ latest move to help eliminate the special tax treatment, it comes at a great time. Since Disney has been negative about Desantis’ policies and they have moved thousands of workers to Florida, the timing could not have been better. 

Disney has been trying to move their workers to Florida due to tax purposes and the business friendly state. Now that the special tax treatment is on the way out, it changes things for the company.