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Alaska Stock Ownership Corporation Initiative (1980)

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The Alaska Stock Ownership Corporation Initiative was on the November 4, 1980 ballot in Alaska as an indirect initiated state statute, where it was defeated.

The question on the ballot was, "This measure establishes a general stock ownership corporation (AGSOC) in Alaska. It will be a private corporation owned by Alaskans. Shares will be distributed without charge to Alaska residents who wish to become stockholders. The corporation will not be subject to income tax and this is expected to enhance its financial success. Shareholders will be subject to taxes on their share of the corporation's taxable income, whether or not it is distributed to them, and may not deduct corporate losses, if any. The corporation will borrow money for investment and repay loans from income."

Alaska Stock Ownership Corporation Initiative (1980)
Yes or no Votes Percentage
Yes 72,072 48%
10px-600px-Red x.png No 78,404 52%
Total votes - 100% precincts

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