To amend the Internal Revenue Code of 1986 to permit an income exclusion for United States savings bonds used for the higher education expenses of a grandchild.
Education Savings Bonds Improvement Act - 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.)
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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