States / New York / S 8518

S 8518 In Committee

Imposes an excise tax on energy used in digital asset mining using proof-of-work authentication methods

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted

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.

Chamber
Senate
Introduced
Oct 1, 2025
Last action
Jan 7, 2026 — REFERRED TO ENERGY AND TELECOMMUNICATIONS
Session
2025-2026
Momentum
39 · Low