Is it taboo to rewrite/rework a rejected novel manuscript and send it back for review to the same publisher that rejected it?No, it's not taboo, but it isn't often successful. Whether or not you can resubmit depends upon why it was rejected. If they gave you reasons that have something to do with your style or your story, and you've done rewrites to address that, then your chances are better.
Your best bet is to send it to other publishers, but if you're really set on this one (and face it, you have limited choices in the LDS market), then send a query stating that you've rewritten and would like to resubmit. Be specific about how it's been rewritten. Then cross your fingers and hope it works.