; increased by (II) a percentage equal to the annual adjustment percentage for the award year for which the amount under this subparagraph is being determined; and (III) rounded to the nearest $5. . 3. Increase family income threshold for determination of expected family contribution equal to zero (a) In general Section 479 of the Higher Education Act of 1965 ( 20 U.S.C. 1087ss ) is amended to read as follows: 479. Simplified application (a) Simplified application Section (1) In general The Secretary shall develop and use an easily identifiable simplified application section as part of the common financial reporting form prescribed under section 483(a) for families described in subsection (b). (2) Reduced data requirements The simplified application form shall in the case of a family meeting the requirements of subsection (b), permit such family to be treated as having an expected family contribution equal to zero for purposes of establishing such eligibility and to submit only the data elements required to make a determination under subsection (b). (b) Zero expected family contribution The Secretary shall consider an applicant to have an expected family contribution equal to zero if— (1) in the case of a dependent student, the sum of the adjusted gross income of the student's parents is less than or equal to 250 percent of the poverty line (as defined by the Office of Management and Budget, and revised annually in accordance with section 673(2) of the Community Services Block Grant Act ( 42 U.S.C. 9902(2) )) applicable to a family of the size involved; (2) in the case of an independent student with dependents other than a spouse, the sum of the adjusted gross income of the student and the student's spouse (if appropriate) is less than or equal to 250 percent of the poverty line (as defined by the Office of Management and Budget, and revised annually in accordance with section 673(2) of the Community Services Block Grant Act ( 42 U.S.C. 9902(2) )) applicable to a family of the size involved