SB3004 Summary

• Expands theft of rental property to include tools, construction equipment, linens, tableware, tents, tables, chairs, and other equipment specially rented for parties or special events.

• Reduces the property value threshold for theft of rental property from $500 to $50.

• Elevates the penalty for theft of rental property from a Class 4 felony to a Class 3 felony.

• Allows courts to infer intent to deprive the owner of property if the renter signs the agreement with a false name or address.

• Requires courts to order restitution for outstanding balances and reasonable loss of revenue, including lost future rental revenue, for failure to return rental property on the specified date.