N.J. Admin. Code § 18:24-32.2
The following words and terms, as used in this subchapter, shall have the following meanings, unless the context clearly indicates otherwise:
"Lease" or "rental" means a transfer of possession or control of tangible personal property, for either a fixed or an indeterminate term and for consideration. Lease or rental does not include any of the following types of transactions:
1. Providing equipment with an operator;
2. The transfer of property under a security agreement or deferred payment plan that requires transfer of title upon completion of the required payments; or
3. The transfer of property under an agreement that requires transfer of title upon completion of the required payments and payment of an option price not exceeding the greater of $ 100.00 or one percent of the total required payments.
"Long-term lease or rental" means those agreements for a term of more than six months.
"Short-term lease or rental" means those agreements for a term of six months or less.
"Transportation equipment" means railroad cars, trucks, with a gross vehicle weight rating of 10,001 pounds or more, certain passenger buses, air carriers, and containers for all of these. It does not include passenger cars and most motor vehicles or boats.
N.J. Admin. Code § 18:24-32.2