This bill amends New Jersey's theft laws by eliminating the presumption of non-imprisonment for individuals convicted of theft of a firearm, which is classified as a third-degree crime. Under current law, first-time offenders of third and fourth-degree crimes typically receive probation instead of imprisonment. The new legal language specifies that the presumption of non-imprisonment for a first offense of a crime of the third degree will not apply to theft of a firearm, thereby allowing for the possibility of imprisonment for such offenses.

The bill also updates the grading of theft offenses, maintaining that theft of a firearm constitutes a crime of the third degree, punishable by three to five years of imprisonment and a fine of up to $15,000. By removing the presumption of non-imprisonment for this specific crime, the legislation aims to enhance penalties for firearm theft and deter such offenses, reflecting a stricter approach to crimes involving firearms. The act is set to take effect immediately upon passage.