AZ SB1644

Increases theft thresholds for felony classification: $50,000 or more is Class 2 felony (previously $25,000); $20,000-$50,000 is Class 3 felony (previously $4,000-$25,000); adjusts all other theft value thresholds proportionally upward.

Reduces organized retail theft from Class 4 felony to Class 6 felony.

Reduces forgery from Class 4 felony to Class 6 felony, except Class 3 felony remains for forgery involving drop houses.

Restructures trafficking in stolen property penalties based on property value, with Class 2 felony for $20,000 or more (first degree) and creates tiered penalties down to Class 1 misdemeanor for less than $2,000.

Restructures fraudulent schemes penalties based on benefit value, with Class 2 felony for $50,000 or more and tiered penalties down to Class 1 misdemeanor for less than $2,000.