SB516 Summary

• Reduces the threshold for Class D felony theft of property from more than $1,000 to more than $500, lowering the upper limit to $5,000 or less

• Lowers the misdemeanor theft of property threshold from $1,000 or less to $500 or less

• Reduces the Class D felony threshold for theft of services from more than $1,000 to more than $500, with the same $5,000 or less upper limit

• Amends theft of lost, mislaid, or mistaken property to require $500 or more for Class D felony status and establishes a new Class B misdemeanor category for property valued between $500 and $1,000

• Reduces the Class D felony threshold for theft by receiving from more than $1,000 to more than $500, maintaining the $5,000 or less upper limit