### Question
How does the law define qualified New York Liberty Zone leasehold improvement property?


### Answer
Under *26 U.S.C. § 1400L*, **qualified New York Liberty Zone leasehold improvement property** is defined as:

> qualified leasehold improvement property (as defined in section 168(k)(3) [1](#1400L_1_target)) if—


(A) such building is located in the New York Liberty Zone,


(B) such improvement is placed in service after September 10, 2001, and before January 1, 2007, and


(C) no written binding contract for such improvement was in effect before September 11, 2001

#### 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**

