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Los Angeles Times
Los Angeles Times
Business
Michael Hiltzik

Michael Hiltzik: In Florida, DeSantis punishes Disney — by giving it a big tax cut

Up in their corporate suite, executives of the Walt Disney Co. must be laughing themselves silly.

They could only have watched in amazement as Florida's Republican Gov. Ron DeSantis, pursuing his vendetta against the company for its opposition to his so-called "Don't Say Gay" law, signed a measure that awards the company a tax break estimated at $164 million a year and stuck voters in the Orlando area with the cost.

The estimate comes from Scott Randolph, the tax collector of Orange County, Florida, where most of Walt Disney World and its associated theme parks and resorts are located. It's the consequence of the law DeSantis signed that will dissolve the Reedy Creek Improvement District, a special district Florida created in 1967.

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