Buy Crypto Markets Spot FuturesGOLD Earn Event Center

The legislative proposal introduces a tiered tax system for energy used by crypto miners in New York, charged by kilowatt-hour used. New York State Senator Liz Krueger introduced a bill on Wednesday to impose excise taxes on energy used by crypto mining companies operating facilities in the state.The proposed excise tax, which is not the first legislative initiative of its kind, will be levied in tiers, with no charge for miners consuming 2.25 million kilowatt-hours (kWh) or less per year and a tax of 2 cents per kWh for miners who consume 2.26 million to 5 million kWh annually.Miners who consume between 5 million-10 million kWh per year face a tax of 3 cents per kWh; those using up to 20 million kWh will be charged 4 cents per kWh; and any miner consuming over 20 million kWh per year will be charged a tax of 5 cents per kWh.Read more The legislative proposal introduces a tiered tax system for energy used by crypto miners in New York, charged by kilowatt-hour used. New York State Senator Liz Krueger introduced a bill on Wednesday to impose excise taxes on energy used by crypto mining companies operating facilities in the state.The proposed excise tax, which is not the first legislative initiative of its kind, will be levied in tiers, with no charge for miners consuming 2.25 million kilowatt-hours (kWh) or less per year and a tax of 2 cents per kWh for miners who consume 2.26 million to 5 million kWh annually.Miners who consume between 5 million-10 million kWh per year face a tax of 3 cents per kWh; those using up to 20 million kWh will be charged 4 cents per kWh; and any miner consuming over 20 million kWh per year will be charged a tax of 5 cents per kWh.Read more

New York State senator proposes tax on crypto mining energy use

Author: Coinstats

Source: Coinstats

2025/10/03 05:41

1 min read

NOT$0.0003573-2.13%

4$0.007563-7.58%

MORE$0.0003823-16.61%

For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

The legislative proposal introduces a tiered tax system for energy used by crypto miners in New York, charged by kilowatt-hour used.

New York State Senator Liz Krueger introduced a bill on Wednesday to impose excise taxes on energy used by crypto mining companies operating facilities in the state.

The proposed excise tax, which is not the first legislative initiative of its kind, will be levied in tiers, with no charge for miners consuming 2.25 million kilowatt-hours (kWh) or less per year and a tax of 2 cents per kWh for miners who consume 2.26 million to 5 million kWh annually.

Miners who consume between 5 million-10 million kWh per year face a tax of 3 cents per kWh; those using up to 20 million kWh will be charged 4 cents per kWh; and any miner consuming over 20 million kWh per year will be charged a tax of 5 cents per kWh.

Market Opportunity

Notcoin Price(NOT)

$0.0003573

$0.0003573$0.0003573

-1.16%

USD

Notcoin (NOT) Live Price Chart

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.