State and Local Business Taxation: Is There a Better Way?

September 13, 2004
Federal Reserve Bank of Chicago
230 S. LaSalle St.
Chicago, IL 60604 Third Floor Conference Center

8:00 a.m.		Continental Breakfast
8:30 a.m.		Welcome and Opening Remarks Charles Evans, Senior Vice President and Director of Research, Federal Reserve Bank of Chicago J. Fred Giertz, Executive Director, National Tax Association
8:45 a.m.		Session 1: What Is the State and Local Tax Burden? Total State and Local Business Taxes: A 50 State Study of Taxes Paid by Business in FY 2003 (PPT,419KB) Robert Cline, Ernst & Young William Fox, University of Tennessee Tom Neubig, Ernst & Young Andrew Phillips, Ernst & Young
9:30 a.m.		Session 2: Is There a Better Way to Tax Business? Principles of Business Taxation (PPT,237KB) William Oakland, Tulane University
10:30 a.m.		Break
10:45 a.m.		Session 2 continued: Is There a Better Way to Tax Business? Speaker Structuring a State Corporate Income Tax (PPT,69KB) William Fox, University of Tennessee LeAnn Luna, University of North Carolina-Wilmington Matthew Murray, University of Tennessee
12:00 p.m.		Lunch Introduction William Testa, Vice President and Director of Regional Programs, Federal Reserve Bank of Chicago Speaker Whatever Happened to Federal Tax Reform? (PPT,38KB) Rudolph Penner, Senior Fellow Urban Institute
1:30 p.m.		Session 3: Business Taxes and Economic Development Business Tax Competitiveness, Fairness, Adequacy—and 'All That Jazz': Thoughts of a Taxachusetts Economist* (PPT,1.4MB) Robert Tannenwald, Federal Reserve Bank of Boston
2:15 p.m.		Break
2:30 p.m.		Midwest Specific Presentations Michigan's Single Business Tax A Personal Journey (PPT,135KB) Douglas Roberts, Michigan State University Recent Developments in Business Taxation in Illinois (PPT,108KB) J. Fred Giertz, University of Illinois Indiana's Tax Restructuring Experience —2001–2002 (PPT,822KB) Bill Sheldrake, Policy Analytics, LLC
4:30 p.m.		Adjourn *with apologies to the producers of the Tony Award winning musical, "Chicago"