The bill amends Section 30-16-8 of the New Mexico Statutes Annotated to allow for the aggregation of multiple incidents of embezzlement over a consecutive twelve-month period when determining penalties. The new legal language specifies that the value of the embezzled or converted items will be assessed cumulatively for incidents involving the same victim within that timeframe. This change introduces a structured penalty system based on the total value of the embezzled items, categorizing offenses into petty misdemeanors, misdemeanors, and felonies, depending on the aggregated value.

Specifically, the bill outlines penalties for various thresholds: a petty misdemeanor for amounts of $250 or less, a misdemeanor for amounts between $250 and $500, a fourth-degree felony for amounts between $500 and $2,500, a third-degree felony for amounts between $2,500 and $20,000, and a second-degree felony for amounts exceeding $20,000. The provisions of this act are set to take effect on July 1, 2025.

Statutes affected:
introduced version: 30-16-8
Final Version: 30-16-8