### Question
What does qualified New York Liberty Zone leasehold improvement property mean?


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

> qualified leasehold improvement property (as defined in section 168(k)(3)) 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-New York Liberty Zone Benefits**

