This bill amends the New Jersey theft statutes to lower the monetary threshold for certain fourth-degree theft crimes from $200 to $100, while also establishing that theft constitutes a disorderly persons offense if the amount involved is less than $100. Additionally, the bill stipulates that a person convicted of theft as an indictable offense must be sentenced to a minimum term of imprisonment of not less than one year. The changes aim to address the classification of theft offenses and ensure stricter penalties for those convicted.

Furthermore, the bill modifies the identity theft statute, lowering the threshold for a fourth-degree crime from $500 to $100 when the benefit obtained or deprivation of benefit involves one victim. It also specifies that a crime of the third degree occurs if the benefit involved 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. These amendments reflect a broader effort to enhance penalties for theft and identity theft offenses in New Jersey.