On April 4, 2007, the Federal Reserve Bank of Chicago, the National Tax Association, and the University of Illinois’s Institute of Government and Public Affairs brought together a distinguished group of state tax experts to discuss emerging trends in business taxation.

On September 17, 2007, the Federal Reserve Bank of Chicago, Ernst & Young, and the Office of Tax Policy Research at the University of Michigan’s Ross School of Business brought together over 120 business people, academics, and public policymakers to examine the changing dynamics of state...

This article advances the proposition that general business taxation should be structured to recover the costs of public services rendered to the business community. Estimates of one possible form of such a tax structure are offered for states of the Seventh District and for other U.S. regions.