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 Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
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.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
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.
Sponsors
Sponsors by party (alphabetical): Democratic 3 · Democratic/Working Families 4
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Liz Krueger | Primary sponsor | Democratic/Working Families | Senate | 28 |
| Samra Brouk | Co-sponsor | Democratic/Working Families | Senate | 55 |
| Cordell Cleare | Co-sponsor | Democratic | Senate | 30 |
| Pat Fahy | Co-sponsor | Democratic | Senate | 46 |
| Andrew Gounardes | Co-sponsor | Democratic | Senate | 26 |
| Rachel May | Co-sponsor | Democratic/Working Families | Senate | 48 |
| Gustavo Rivera | Co-sponsor | Democratic/Working Families | Senate | 33 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- REFERRED TO ENERGY AND TELECOMMUNICATIONS
- REFERRED TO RULES