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S 8518

New York - Session 2025-2026

Senate in_committee 2026-01-07
Bill Details

Title: 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.

Sponsor
Liz Krueger
Official Source Back to Bills
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Actions Timeline
Date Event Detail
2025-10-01 Introduced Bill introduced
2026-01-07 Status in_committee
2026-01-07 Latest Action In Senate Committee
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