### Question
How does the law define New York Liberty Zone business?


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

> 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**

