MINNEAPOLIS — U.S. Bancorp’s fund family has launched a tax-exempt fund for residents of Nebraska.

The Nebraska Tax Free Fund, launched March 22, is the 11th tax-free fund in the First American Funds family. It is designed to provide Nebraska residents with monthly income exempt from federal and state income taxes.

First American also offers the federally tax-exempt Intermediate Tax Free and Tax Free funds, as well as state-specific tax-free funds in Arizona, California, Colorado, Minnesota, and Oregon.

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