NJ A3488

Theft of a motor vehicle valued at $25,000 or more would be classified as a second degree crime, lowering the threshold from the current $75,000 requirement for second degree theft

Second degree crimes carry penalties of up to 10 years in prison, fines up to $150,000, or both

Motor vehicle theft involving vehicles valued under $25,000 would remain a third degree crime

The bill amends N.J.S.2C:20-2, which governs the grading of theft offenses based on value and circumstances