Education Savings Bonds Improvement Act of 1989

[AI summary unavailable — showing source text] Education Savings Bonds Improvement Act of 1989 - Amends the Internal Revenue Code to exclude from gross income any income from U.S. savings bonds used to pay tuition and fees of any grandchild at an institution of higher learning or vocational school. (Current law limits the exclusion to educational expenses of the taxpayer, spouse, or dependent.)…