PUBLIC LAW 107-147—MAR. 9, 2002 116 STAT. 33 (d) TECHNICAL AMENDMENTS.—(1) Sections 3304(a)(4)(B) and 3306(f)(2) of the Internal Revenue Code of 1986 are amended by 26 USC 3304, inserting "or 903(d)(4)" before "of the Social Security Act". 3306. (2) Section 303(a)(5) of the Social Security Act is amended 42 USC 503. in the second proviso by inserting "or 903(d)(4)" after "903(c)(2)". (e) REGULATIONS. —The Secretary of Labor may prescribe any operating instructions or regulations necessary to carry out this section and the amendments made by this section. TITLE III—TAX INCENTIVES FOR NEW YORK CITY AND DISTRESSED AREAS SEC. 301. TAX BENEFITS FOR AREA OF NEW YORK CITY DAMAGED IN TERRORIST ATTACKS ON SEPTEMBER 11, 2001. (a) IN GENERAL. —Chapter 1 is amended by adding at the end the following new subchapter: "Subchapter Y—New York Liberty Zone Benefits "Sec. 1400L. Tax benefits for New York Liberty Zone. "SEC. 1400L. TAX BENEFITS FOR NEW YORK LIBERTY ZONE. "(a) EXPANSION OF WORK OPPORTUNITY TAX CREDIT. — "(1) IN GENERAL. — For purposes of section 51, a New York Liberty Zone business employee shall be treated as a member of a targeted group. "(2) NEW YORK LIBERTY ZONE BUSINESS EMPLOYEE. —For purposes of this subsection— "(A) IN GENERAL.— The term 'New York Liberty Zone business employee' means, with respect to any period, any employee of a New York Liberty Zone business if substantially all the services performed during such period by such employee for such business are performed in the New York Liberty Zone. "(B) INCLUSION OF CERTAIN EMPLOYEES OUTSIDE THE NEW YORK LIBERTY ZONE.— "(i) IN GENERAL. —In the case of a New York Liberty Zone business described in subclause (II) of subparagraph (C)(i), the term 'New York Liberty Zone business employee' includes any employee of such business (not described in subparagraph (A)) if substantially all the services performed during such period by such employee for such business are performed in the City of New York, New York. " (ii) LIMITATION.—The number of employees of such a business that are treated as New York Liberty Zone business employees on any day by reason of clause (i) shall not exceed the excess of— "(I) the number of employees of such business on September 11, 2001, in the New York Liberty Zone, over "(II) the number of New York Liberty Zone business employees (determined without regard to this subparagraph) of such business on the day to which the limitation is being applied.
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