LRB-1442/1 MJW:amn 2023 - 2024 LEGISLATURE 2023 ASSEMBLY BILL 50 February 20, 2023 - Introduced by Representatives BINSFELD, BEHNKE, BROOKS, BRANDTJEN, DONOVAN, KITCHENS, MURPHY, MURSAU, RETTINGER, SAPIK and WICHGERS, cosponsored by Senators JACQUE and MARKLEIN. Referred to Committee on Criminal Justice and Public Safety. ***AUTHORS SUBJECT TO CHANGE*** AN ACT to amend 943.20 (3) (a) and 943.20 (3) (bf) of the statutes; relating to: felony theft of property and providing a penalty. Analysis by the Legislative Reference Bureau Under current law, theft of property valued at up to $2,500 is a Class A misdemeanor, and theft of property valued at more than $2,500 but not more than $5,000 is a Class I felony. Under this bill, theft of property valued at up to $1,000 is a Class A misdemeanor, and theft of property valued at more than $1,000 but not more than $5,000 is a Class I felony. Under current law, the penalty for a Class A misdemeanor is a fine of up to $10,000 or imprisonment for up to nine months, or both, and the penalty for a Class I felony is a fine of up to $10,000 or imprisonment for up to three years and six months, or both. Because this bill creates a new crime or revises a penalty for an existing crime, the Joint Review Committee on Criminal Penalties may be requested to prepare a report. The people of the state of Wisconsin, represented in senate and assembly, do enact as follows: SECTION 1. 943.20 (3) (a) of the statutes is amended to read: 943.20 (3) (a) If the value of the property does not exceed $2,500 $1,000, is guilty of a Class A misdemeanor. 1 2 3 4 5 - 2 -2023 - 2024 Legislature LRB-1442/1 MJW:amn SECTION 2 ASSEMBLY BILL 50 SECTION 2. 943.20 (3) (bf) of the statutes is amended to read: 943.20 (3) (bf) If the value of the property exceeds $2,500 $1,000 but does not exceed $5,000, is guilty of a Class I felony. (END) 1 2 3 4