The individual I spoke to at the Ne Dept of Revenue was knowledgeable of the topic, and readily responded in the affirmative to my question seeking confirmation that the language in Ne statutes exempting interest on US Treasury Notes from Nebraska taxes would include Accrued Market Discount, reported as interest for Federal and State Income Tax purposes. I was confident and satisfied with the answer I received. Of course, you can always call them too. I clearly described the Accrued Market Discount that was being excluded on my Nebraska Schedule.
