State senate passes measure with big tax implications as governor clashes with company over its criticism of law
The Florida senate passed a bill on Wednesday to repeal a law allowing Walt Disney World to operate a private government over its properties in the state, escalating a feud with the entertainment giant over its opposition to what critics call the “don’t say gay” law.
The proposal could have huge tax implications for Disney, whose series of theme parks have over the decades transformed Orlando into one of the world’s most popular tourist destinations. And Democrats have warned that the move could cause local homeowners to get hit with big tax bills if they have to absorb bond debt from Disney – although such details are far from clear.
