IL SB0553

Allows prosecution of financial exploitation of elderly persons or persons with disabilities in any county where assets obtained are held, in addition to counties where the offense occurred or victim resides.

Eliminates the defense that an accused reasonably believed an aggravated battery victim was under 60 years of age when the victim is actually 60 or older.

Enhances penalties for theft and theft by deception when committed against victims 60+ years old or persons with disabilities, or when committed in nursing homes, assisted living facilities, or supportive living facilities.

Lowers the Class X felony threshold for theft, theft by deception, and financial exploitation of elderly persons or persons with disabilities from $1,000,000 to $100,000 in property value.

Creates enhanced penalty tiers for theft by deception against elderly persons based on victim age (60-69, 70-79, 80+) and property value, with penalties ranging from Class 4 felony to Class X felony.