Crimes and punishments; modifying elements of grand larceny and receiving stolen property; effective date.

Summary

The bill rewrites the punishment scales for grand larceny and for buying or receiving stolen property. Penalties now vary by the stolen item's value and whether a firearm is involved, and a new presumption of knowledge is added for buyers who fail to investigate the source. It takes effect on November 1, 2026.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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