[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. 1265 Introduced in Senate (IS)]

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108th CONGRESS
  1st Session
                                S. 1265

 To limit the applicability of the annual updates to the allowance for 
State and other taxes in the tables used in the Federal Needs Analysis 
  Methodology for the award year 2004-2005, published in the Federal 
                       Register on May 30, 2003.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             June 13, 2003

 Mr. Corzine introduced the following bill; which was read twice and 
        referred to the Committee on Health, Education, Labor, and 
        Pensions

_______________________________________________________________________

                                 A BILL


 
 To limit the applicability of the annual updates to the allowance for 
State and other taxes in the tables used in the Federal Needs Analysis 
  Methodology for the award year 2004-2005, published in the Federal 
                       Register on May 30, 2003.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. ALLOWANCE FOR STATE AND OTHER TAXES.

    Notwithstanding any other provision of law, the annual updates to 
the allowance for State and other taxes in the tables used in the 
Federal Needs Analysis Methodology to determine a student's expected 
family contribution for the award year 2004-2005 under part F of title 
IV of the Higher Education Act of 1965 (20 U.S.C. 1087kk et seq.), 
published in the Federal Register on Friday, May 30, 2003 (68 Fed. Reg. 
32473), shall not apply to a student to the extent the updates will 
reduce the amount of Federal student assistance for which the student 
is eligible.