DeSantis Signs Law to Ax Disney’s Self-Governance Privileges (1)

Florida Governor Ron DeSantis signed a law to strip Walt Disney Co. of its self-governance privileges in the state and said the entertainment giant will end up paying more taxes with the new legislation.

“We really need to get away from this type of treatment,” DeSantis said at a signing ceremony on Friday. “Don’t worry, we have everything thought out. Don’t let anyone tell you that somehow Disney is going to get a tax cut out of this. They’re going to pay more taxes as a result.”

The legislation, which sets to dissolve the Reedy Creek Improvement District created where ...