To amend the Internal Revenue Code of 1986 to expand the tax benefits for the New York Liberty Zone.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code, as amended by the Job Creation and Worker Assistance Act of 2002, to: (1) extend, for five additional years, the Liberty bonds expiration date; (2) increase, from $1.6 billion to $3.0 billion, the amount of Liberty bonds that can be used for residential development projects; and (3) eliminate the 100,000 square foot minimum for certain electric generation facilities outside the Liberty Zone.…