, he suggested he could take several actions against Disney in response, including raising taxes and establishing"another state prison" near Disney World. What ultimately happened was this: on April 26 , the current board appointed by DeSantis voted to nullify the former board's agreements. In return, Disney filed a lawsuit.
Disney says, in its filings, that it"is left with no choice but to file this lawsuit to protect its cast members, guests, and local development partners from a relentless campaign to weaponize government power against Disney in retaliation for expressing a political viewpoint unpopular with certain State officials." It is, they say,"as clear a case of retaliation as this Court is ever likely to see.
Referencing the agreements signed earlier this year—the ones with the rule against perpetuities language—the complaint notes that"Much has been mischaracterized about the intent and effect of the Contracts." It then provides a quick laundry list of what the new board can still do, including imposing ad valorem—meaning based on value—taxes, maintenance taxes, and utility taxes, as well as the power to enforce collection of taxes by tax liens and foreclosure.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: DEADLINE - 🏆 109. / 63 Read more »
Source: fox32news - 🏆 547. / 51 Read more »
Source: CNBC - 🏆 12. / 72 Read more »