### Question
What does disqualified lease mean?


### Answer
**Disqualified lease** has the following meaning in *26 U.S.C. § 4261*:

> a lease from a person providing aircraft management services with respect to such aircraft (or a related person (within the meaning of section 465(b)(3)(C)) to the person providing such services), if such lease is for a term of 31 days or less

#### Citation:
  - *26 U.S.C. § 4261*
  - Heading: **Subtitle D-Miscellaneous Excise Taxes > CHAPTER 33-FACILITIES AND SERVICES > Subchapter C-Transportation by Air > PART I-PERSONS**

