Gov. Phil Bredesen has told Nashville business leaders that he will not seek a state income tax if re-elected in 2006. Bredesen made the same promise before his first term, but had refused to extend the pledge as he campaigns for a second term.
Bredesen said that after one term in office, he's more convinced than ever that a state income tax is not needed for Tennessee. Tennessee is one of nine states without a standard state income tax, although it does collect revenue from dividends and interest.
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