You previously stated (at least I think that it was you) that real estate would not be taxed, but as I read the bill, it is not excluded and seems to be included. Tell me why you think that real estate or land would not be subject to the NRST.
I think you must not be reading my posts quite correctly. Land is property that has been previously taxed (there is no such ting as "new" land), and is therefore exempt from taxes. Structures built on that land can be taxable, but structures existing as of the NRST switchover date would be considered "previosuly taxed", and not subject to tax on resale.
However, the price of a new home would be taxable, minus the value of the land it sits upon. Example: I buy a new house for $200,000, the assessment says the land is worth $120,000, therefore only $80,000 is taxable.