New York bills · 2025 Regular Session
New York S 8518
Imposes an excise tax on energy used in digital asset mining using proof-of-work authentication methods
- Introduced
- In committee
- Passed Senate
- Passed House
- To Governor
- Became law
Sponsors
- Liz Krueger (Democratic/Working Families)
Cosponsors (6)
- Samra Brouk (Democratic/Working Families)
- Cordell Cleare (Democratic)
- Patricia Fahy (Democratic)
- Andrew Gounardes (Democratic)
- Rachel May (Democratic/Working Families)
- Gustavo Rivera (Democratic/Working Families)
Summary
Official abstract published by the New York legislature
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.
Text versions
Roll-call votes
No recorded votes on this bill.
Actions
- Jan 7, 2026 · Senate
REFERRED TO ENERGY AND TELECOMMUNICATIONS - Oct 1, 2025 · Senate
REFERRED TO RULES