AR SB477

Creates a new criminal offense for knowingly keeping leased or rented equipment after the rental period expires, or causing damage that renders equipment unrentable without repair

Establishes tiered penalties based on value of unpaid rental time and/or damage: Class B felony ($25,000+), Class C felony ($5,000-$25,000), Class D felony ($1,000-$5,000), Class A misdemeanor ($1,000 or less)

Provides a defense if the person compensates the lessor for both the rental value during the unauthorized period and any damage to the equipment

Requires courts to order restitution to the equipment rental company for unpaid rental value and equipment damage in addition to any other sentence