This bill amends existing laws regarding grand larceny and receiving stolen property in Oklahoma. It modifies the definitions and penalties associated with these crimes. Specifically, the bill removes the stipulation that grand larceny includes property that is one or more firearms and introduces a new classification for grand larceny when the property is one or more firearms or valued at $15,000 or more, categorizing it as a Class C2 felony. Additionally, it adjusts the penalties for receiving stolen property, establishing similar classifications based on the value of the property and including firearms in the new definitions.

The bill also outlines the penalties for various thresholds of property value, with specific classifications for felonies and misdemeanors. For instance, receiving stolen property valued at less than $1,000 remains a misdemeanor, while property valued at $1,000 or more incurs felony charges with varying degrees based on the value. The effective date for these changes is set for November 1, 2026.

Statutes affected:
Introduced: 21-1705, 21-1713