New York · 2025 Regular Session · Bill

S 8518: Imposes an excise tax on energy used in digital asset mining using proof-of-work authentication methods

In committee Last action January 7, 2026: REFERRED TO ENERGY AND TELECOMMUNICATIONS

Plain-language summary

S 8518 is a bill introduced in the New York Senate on October 1, 2025. According to its official title, it concerns: Imposes an excise tax on energy used in digital asset mining using proof-of-work authentication methods. Primary sponsor: Liz Krueger (Democratic/Working Families). It lists 6 additional sponsors. Most recent recorded action (January 7, 2026): REFERRED TO ENERGY AND TELECOMMUNICATIONS.

Sponsors

Primary sponsor: Liz Krueger (Democratic/Working Families). 6 co-sponsors.