The bill amends Section 30-16-1 of the New Mexico Statutes to increase the penalty for larceny of a firearm. Under the new provisions, if a firearm is stolen and its value is less than two thousand five hundred dollars ($2,500), the offender will be guilty of a third degree felony. This change replaces the previous classification, which categorized the theft of a firearm as a fourth degree felony.

Additionally, the bill maintains the existing penalties for larceny based on the value of the stolen property, with specific classifications for petty misdemeanors, misdemeanors, and felonies depending on the value of the items stolen. The legislation aims to impose stricter penalties for the theft of firearms, reflecting the seriousness of such offenses.

Statutes affected:
introduced version: 30-16-1