Alaska Stock Ownership Corporation Initiative (1980)
From Ballotpedia
The Alaska Stock Ownership Corporation Initiative appeared on the 1980 ballot in Alaska.
Contents |
1980 election results
| Alaska Stock Ownership Corporation Initiative (1980) | ||||
|---|---|---|---|---|
| Yes or no | Votes | Percentage | ||
| Yes | - | 48% | ||
 No
| - | 52% | ||
| Total votes | - | 100% precincts | ||
Ballot Language
The language on the ballot said, "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."
See also
- List of Alaska ballot measures 1960-present
- Laws governing the initiative process in Alaska
- Campaign finance requirements for Alaska ballot measures
External links
- Alaska Elections Website
- I and R Institute, History of Alaska's Initiatives
- National Conference of State Legislatures, Initiative and Referenda information
