Florida Gov. Ron DeSantis signed a new bill into effect on Friday.

Context: Walt Disney World has recently come out against the recently passed Florida bill commonly referred to as the “Don’t Say Gay” law by Democrats.

“Florida’s HB 1557, also known as the ‘Don’t Say Gay’ bill, should never have passed and should never have been signed into law,” Disney said. “Our goal as a company is for this law to be repealed by the legislature or struck down in the courts, and we remain committed to supporting the national and state organizations working to achieve that. We are dedicated to standing up for the rights and safety of LGBTQ+ members of the Disney family, as well as the LGBTQ+ community in Florida and across the country.” (per Fox News)

The Parents Rights in Education bill prohibits teachers from holding discussions about sexual orientation and a range of other subjects with K-3 students.

What Happened: Gov. DeSantis signed a bill to dissolve Walt Disney World’s private government.

The law would eliminate the Reedy Creek Improvement District, as the 55-year-old Disney government is known, as well as a handful of other similar districts by June 2023. The measure does allow for the districts to be reestablished, leaving an avenue to renegotiate its future.

What It Means: The move could have huge tax implications for Disney, whose series of theme parks have transformed Orlando into one of the world’s most popular tourist destinations

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