S8518 (2025-26 session)
NY State bill
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.
- Title
- Imposes an excise tax on energy used in digital asset mining using proof-of-work authentication methods
- Type
- New York State Senate bill
- Session
- 2025-26 session
- Status
- In Senate Committee
- Latest action date
- 2026-01-07
- In committee
- Energy And Telecommunications
- Introduced
- 2025-10-01
- Same as
- A9138
- Law section
- Tax Law
Sponsors
- Liz Krueger State Senator, District 28
Co-sponsors
- Andrew Gounardes State Senator, District 26
- Cordell Cleare State Senator, District 30
- Gustavo Rivera State Senator, District 33
Heard in committee
- Energy And Telecommunications NY State Senate committee
- Rules NY State Senate committee
Same as
- A9138 (2025-26 session) NY State bill