[Iwo Jima]

In your interpretation would real estate be taxed as a "new" good at least once after the NRST is passed? With or without a house or other improvements? What if the land is bought as raw acreage, paying the tax, then a house is built, and the property sold? Is the value of the land taxed again?

[kevkrom]

In your interpretation would real estate be taxed as a "new" good at least once after the NRST is passed? With or without a house or other improvements? What if the land is bought as raw acreage, paying the tax, then a house is built, and the property sold? Is the value of the land taxed again?

You must have misread me... the land is not taxable by the NRST. Exisiting structures will not be taxable. New structures would be taxable on retail sale. Improvements to existing structures (used for end-consumption, i.e., not business structures) would be taxable.

[Principled]

You don't know much about the bill yet - that's fine. You'd do well to take a look at it.