H.B. No. 1037 proposes amendments to the Penal Code regarding the classification and punishment of theft offenses. The bill modifies the thresholds for various misdemeanors and felonies based on the value of stolen property or services. Specifically, it lowers the thresholds for Class B misdemeanors from $750 to $300, and for Class A misdemeanors from $750 to $300, while also adjusting the thresholds for state jail felonies and higher degrees of felonies. Additionally, the bill introduces new classifications for certain types of stolen property, such as firearms and catalytic converters, and specifies penalties for theft involving specific materials like aluminum, bronze, copper, and brass.

The bill also clarifies that the changes will only apply to offenses committed on or after the effective date of September 1, 2025, ensuring that any offenses occurring before this date will be governed by the previous law. This legislative change aims to create a more structured and updated framework for addressing theft offenses in Texas, reflecting current societal concerns and the value of stolen items.

Statutes affected:
Introduced: Penal Code 31.03, Penal Code 31.04, Penal Code 31.16 (Penal Code 31)