The second phase of the Small Main-belt Asteroid Spectroscopic Survey (SMASSII) produced an internally consistent set of visible-wavelength charge-coupled device (CCD) spectra for 1447 asteroids (Bus and Binzel 2002, Icarus, ). These data provide a basis for developing a new asteroid taxonomy that utilizes more of the information contained in CCD spectra. Here we construct a classification system that builds on the robust framework provided by existing asteroid taxonomies. In particular, we define three major groupings (the S-, C-, and X-complexes) that adhere to the classical definitions of the S-, C-, and X-type asteroids. A total of 26 classes are defined, based on the presence or absence of specific spectral features. Definitions and boundary parameters are provided for each class, allowing new spectral observations to be placed in this system. Of these 26 classes, 12 bear familiar single-letter designations that follow previous conventions: A, B, C, D, K, O, Q, R, S, T, V, and X. A new L-class is introduced to describe 35 objects with spectra having a steep UV slope shortward of 0.75 μm, but which are relatively flat longward of 0.75 μm. Asteroids with intermediate spectral characteristics are assigned multiletter designations: Cb, Cg, Cgh, Ch, Ld, Sa, Sk, Sl, Sq, Sr, Xc, Xe, and Xk. Members of the Cgh- and Ch-classes have spectra containing a 0.7-μm feature that is generally attributed to hydration. Although previously considered featureless, CCD observations reveal distinct features of varying strengths in the spectra of asteroids in the X-complex, thus allowing the Xc-, Xe-, and Xk-classes to be established. Most notably, the spectra of Xe-type asteroids contain an absorption feature centered near 0.49 μm that may be associated with troilite. Several new members are identified for previously unique or sparsely populated classes: 12 A-types, 3 O-types, and 3 R-types. Q-types are common within the near-Earth asteroid population but remain unobserved in the main belt. More than 30 new V-types are found in the vicinity of Vesta. The heliocentric distribution of the SMASSII taxonomic classes is similar to that determined from previous studies, though additional structure is revealed as a result of the larger sample size.