This bill amends the New Jersey theft and identity theft statutes by lowering the monetary thresholds for certain fourth-degree theft crimes. Specifically, it changes the threshold for theft to constitute a crime of the fourth degree from $200 to $100, while also establishing that theft involving amounts less than $100 will be classified as a disorderly persons offense. Additionally, the bill mandates that individuals convicted of theft as an indictable offense must receive a minimum prison sentence of one year.

In terms of identity theft, the bill similarly adjusts the thresholds, making it a fourth-degree crime if the benefit obtained or deprivation caused is less than $100 and involves one victim. It also stipulates that if the benefit is at least $100 but less than $75,000, or if the offense involves the identity of at least two but fewer than five victims, it will be classified as a third-degree crime. These changes aim to streamline the legal framework surrounding theft and identity theft, ensuring that lower-value offenses are addressed more effectively.