### Question
What does New York Liberty Zone business mean?


### Answer
**New York Liberty Zone business** has the following meaning in *26 U.S.C. § 1400L*:

> any trade or business which is—


(I) located in the New York Liberty Zone, or


(II) located in the City of New York, New York, outside the New York Liberty Zone, as a result of the physical destruction or damage of such place of business by the September 11, 2001, terrorist attack

#### Citation:
  - *26 U.S.C. § 1400L*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter Y-Short-Term Regional Benefits > PART I-TAX BENEFITS FOR NEW YORK LIBERTY ZONE**

