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2022-04-22 -Great Cultural Revolution

Florida's Legislature Abolishes Disney's Special Tax Avoidance Scam

[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.

Posted by Fred 2022-04-22 00:00|| || Front Page|| [11129 views ] Top

#1 I wish he could get Constitutional Carry done this quickly...

Posted by M. Murcek 2022-04-22 02:58|| 2022-04-22 02:58|| Front Page Top

#2 Disney and Biden will love this;

Posted by Dale 2022-04-22 07:40|| 2022-04-22 07:40|| Front Page Top

#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|| 2022-04-22 11:50|| Front Page Top

#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|| 2022-04-22 13:31|| Front Page Top

#5 It'll be interesting what the building inspectors find...

Posted by BrerRabbit 2022-04-22 17:12|| 2022-04-22 17:12|| Front Page Top

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