In Colorado, theft is categorized as a felony when the worth of the stolen property exceeds a specified threshold. This threshold is at the moment set at $2,000. Stealing objects price greater than this quantity elevates the crime from a misdemeanor to a felony, no matter the kind of property stolen. For instance, stealing a bicycle price $2,500 could be thought of a felony, as would embezzling $5,000 from an employer. Particular circumstances, such because the theft of a firearm or livestock, could also be categorized as felonies whatever the financial worth.
The excellence between misdemeanor and felony theft carries vital penalties. Felony convictions end in harsher penalties, together with substantial jail sentences, hefty fines, and a felony report that may influence future alternatives. This larger degree of authorized consequence displays the seriousness with which society views large-scale property crimes and goals to discourage such habits. Traditionally, these thresholds have been adjusted to account for inflation and societal shifts in worth notion.
