Based on what? I don't think rental property would be taxable under NSRT.
Rent payments are taxed under the nrst, just as rent payments today include tax. That so many folks don't realize that today's rent includes an increase of 25% or so to pay for tax costs tells just how effective this tax code of ours is at hiding the true cost of govenrment.
I don't think rental property would be taxable under NSRT.
Since the the property rented (its a business asset not taxed under a Retail Sales Tax ) is not taxed, the NRST is collected from the renter on the basis of the rent paid, taxable as a service.