Taxing electric use of bitcoin miners

Assembly Bill A9138 and Senate Bill S8518  impose no new taxes on crypto mining operations that use less than  2.25 million kilowatt-hours annually. The bills add a tax rate that jumps to 2 cents per kWh for consumption over 2.25 million to 5 million kWh per year, 3 cents per kWh for over 5 million to 10 million kWh, 4 cents per kWh for over 10 million to 20 million kWh, and maxes out at 5 cents per kWh for consumption exceeding 20 million kWh annually. 

Decrypt | NY Democrats Propose Companion Bill Targeting Proof-of-Work Mining