S 8518 New York Senate · 2025 Regular Session

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

Summary
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.
Bill status in committee 1 of 4 stages cleared
Introduction
Oct 2025
Committee Review
Floor Vote
Governor
Introduced Oct 1, 2025 Last action Jan 7, 2026
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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
2
Jan 7, 2026
Committee
REFERRED TO ENERGY AND TELECOMMUNICATIONS
upper
Oct 1, 2025
Committee
REFERRED TO RULES
upper
1 primary · 6 co-sponsors

Sponsors