Florida Senate Passes Bill Ending Disney’s Tax Privilege

On Wednesday, the Florida Senate passed a bill that eliminates a special taxing district that has allowed Walt Disney Co. to govern the land where its theme park is located. “The measure potentially delivers a blow to the company’s operations in the state,” The Wall Street Journal reported. “The special district, created in 1967 and known as the Reedy Creek Improvement District, exempts Disney from a host of regulations and certain taxes and fees related to emergency services and road maintenance. It saves Disney tens of millions of dollars a year, according to a person familiar with the company’s finances


