(14) TAXABLE PROPERTY OR SERVICE.—

“(A) GENERAL RULE.—The term ‘taxable property or service’ means—

“(i) any property (including leaseholds of any term or rents with respect to such property) but excluding—

“(I) intangible property, and

“(II) used property, and

“(ii) any service (including any financial intermediation services as determined by section 801).

“(B) SERVICE.—For purposes of subparagraph (A), the term ‘service’—

“(i) shall include any service performed by an employee for which the employee is paid wages or a salary by a taxable employer, and

“(ii) shall not include any service performed by an employee for which the employee is paid wages or a salary—

“(I) by an employer in the regular course of the employer’s trade or business,

“(II) by an employer that is a not-for-profit organization (as defined in section 706),

“(III) by an employer that is a government enterprise (as defined in section 704), and

“(IV) by taxable employers to employees directly providing education and training.

So does this mean there will be no tax on work for pay?

One needs a lawyer to understand these bills.