New York Senate Bill 8518: Imposes an excise tax on energy used in digital asset mining using proof-of-work authentication methods

New York · 2025-2026 session

Status: In committee

What it does

Imposes an excise tax on any taxpayer engaged in the trade or business of digital asset mining; provides that taxes, interest, and penalties collected or received from such taxes shall be used for prompt assistance to utility customers enrolled in energy affordability programs.

Latest action

REFERRED TO ENERGY AND TELECOMMUNICATIONS (2026-01-07)

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