Bloomberg Tax
April 21, 2022, 8:23 PM

Disney Set to Lose Perks as Florida Lawmakers Back DeSantis (2)

Nathan Crooks
Nathan Crooks
Bloomberg News

Florida’s Republican-controlled legislature has cleared a measure to strip Walt Disney Co. of its self-governance privileges in the state, escalating a feud between Governor Ron DeSantis and the entertainment giant.

The legislation, which could lead to the dissolution of the Reedy Creek Improvement District created in 1967 in parts of Orange and Osceola counties, was approved by the House of Representatives in a 70-38 vote. It was passed by the Senate on Wednesday and now goes to DeSantis for his signature.

“This is political retribution that is at play here,” Jerry Demings, the Democratic mayor of Orange County said ...