Doug, The actual bill chapter 1, section 2-Definitions, (14) (A) (i). Leaseholds are taxable as a service so I would say yes rents are taxable. Also check the Plain English version under taxable property and it also says a leasehold or any term or rents. This is just my interpretation so don't let it be the final word. Keep checking.
Replace All Federal Taxes on Income with the Fair Tax Act , HR 25
Douglas L. Harris's Comments
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Bill
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