This bill proposes amendments to West Virginia Code §61-3-13, which addresses the criminal offenses of larceny. It seeks to reform the monetary thresholds for distinguishing between petit larceny and grand larceny by increasing the value for grand larceny from $1,000 to $2,500. Additionally, the bill eliminates the alternative sentencing option of one year in jail for grand larceny convictions and raises the maximum fine from $2,500 to $10,000. For petit larceny, the threshold is also raised from $1,000 to $2,500, maintaining the misdemeanor classification with a maximum jail term of one year or a fine of up to $2,500.

Furthermore, the bill introduces a new offense termed aggravated grand larceny, which applies to larceny of goods valued at $25,000 or more. A conviction for aggravated grand larceny would result in a felony charge, with penalties including imprisonment for a minimum of three years and a maximum of 15 years, along with a potential fine of up to $100,000. Overall, the bill aims to enhance the penalties associated with larceny offenses and establish clearer distinctions between the various levels of larceny crimes.

Statutes affected:
Introduced Version: 61-3-13