Bill > HB1622

This bill modifies Oklahoma's larceny of merchandise law by lowering the threshold amounts that trigger different levels of criminal penalties. Specifically, the bill reduces the misdemeanor threshold from $1,000 to $500 for first and second convictions, which means that stealing merchandise valued under $500 will result in a misdemeanor punishable by up to 30 days in county jail and a fine between $10 and $500. For third or subsequent convictions under $500, the punishment increases to up to one year in county jail and a fine up to $1,000. The bill maintains the existing felony tiers for higher-value thefts: theft of goods valued between $500-$2,500 is a felony with up to two years in prison, theft of goods valued between $2,500-$15,000 is a felony with up to five years in prison, and theft of goods valued at $15,000 or more is a felony with up to eight years in prison. The bill also retains provisions allowing aggregation of theft values within a 180-day period and mandating restitution to victims. The changes will become effective on November 1, 2025.

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb1622&Session=2600