SB325 Summary

• Increases threshold dollar amounts for theft of property offenses across all felony degrees, raising thresholds from $2,500 to $5,000 for first degree, $1,500-$2,500 to $3,500-$5,000 for second degree, and $500-$1,499 to $2,500-$3,500 for third degree theft.

• Applies identical threshold increases to theft of services offenses and receiving stolen property offenses across all four degrees.

• Maintains Class felony designations (B, C, D) and Class A misdemeanor classification for each offense tier after threshold adjustment.

• Excludes the bill from Amendment 621 constitutional requirements regarding local expenditures because it defines a new crime or amends the definition of an existing crime.

• Becomes effective on the first day of the third month following passage and approval by the Governor, or upon becoming law.