### Question
How does the law define long-term lease?


### Answer
Under *26 U.S.C. § 4052*, **long-term lease** is defined as:

> any lease with a term of 1 year or more

#### Citation:
  - *26 U.S.C. § 4052*
  - Heading: **Subtitle D-Miscellaneous Excise Taxes > CHAPTER 31-RETAIL EXCISE TAXES > Subchapter C-Heavy Trucks and Trailers**

