As Florida lawmakers sought to strip Disney World of its special tax status, ‘altering the deal’ struck back in the late 60’s, news lands that there’s a potential twist in the tail that could see Gov. Ron DeSantis forced to take an embarrassing back step in his plans to tax the Mouse.
In response, Disney countered that based on the 1967 law that created the arrangement, Florida can’t legally disband the district unless the state pays its debts — which total around US$1 billion. As a result, the company plans to continue “present operations” within the district, including collecting taxes and maintaining its properties, as per usual.
This story – as expected – is going to run and run, and we’ll stay across it here on the site.
