S T A T E O F N E W Y O R K
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7678
2021-2022 Regular Sessions
I N A S S E M B L Y
May 19, 2021
___________
Introduced by M. of A. DINOWITZ -- (at request of the Office of Court
Administration) -- read once and referred to the Committee on Codes
AN ACT to amend the penal law and general business law, in relation to
increasing monetary thresholds for the crimes of grand larceny, theft
of services, and securities fraud
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivision 4 of section 155.20 of the penal law, as renum-
bered by chapter 420 of the laws of 1978, is amended to read as follows:
4. When the value of property cannot be satisfactorily ascertained
pursuant to the standards set forth in subdivisions one and two of this
section, its value shall be deemed to be an amount less than [two
hundred fifty dollars] THREE THOUSAND DOLLARS.
§ 2. Subdivision 1 of section 155.30 of the penal law, as amended by
chapter 515 of the laws of 1986, is amended to read as follows:
1. The value of the property exceeds [one] THREE thousand dollars; or
§ 3. Subdivision 1 of section 155.35 of the penal law, as amended by
chapter 464 of the laws of 2010, is amended to read as follows:
1. when the value of the property exceeds [three] TEN thousand
dollars, or
§ 4. The closing paragraph of section 165.15 of the penal law, as
amended by chapter 275 of the laws of 2018, is amended to read as
follows:
Theft of services is a class A misdemeanor, provided, however, WHERE
THE PAYMENT OR SERVICE AT ISSUE CONCERNS RAILROAD, SUBWAY OR BUS
SERVICES AS DEFINED BY SUBDIVISION THREE OF THIS SECTION, AND THE LAWFUL
CHARGE THEREFOR IS LESS THAN ONE HUNDRED DOLLARS, THEFT OF SUCH SERVICES
SHALL BE A VIOLATION, that theft of cable television service as defined
by the provisions of paragraphs (a), (c) and (d) of subdivision four of
this section, and having a value not in excess of one hundred dollars by
a person who has not been previously convicted of theft of services
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD09743-01-1
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under subdivision four of this section is a violation, that theft of
services under subdivision nine of this section by a person who has not
been previously convicted of theft of services under subdivision nine of
this section is a violation, that theft of services under subdivision
twelve of this section by a person who has not previously been convicted
of theft of services under subdivision twelve of this section is a
violation, and provided further, however, that theft of services of any
telephone service under paragraph (a) or (b) of subdivision five of this
section having a value in excess of one thousand dollars or by a person
who has been previously convicted within five years of theft of services
under paragraph (a) of subdivision five of this section is a class E
felony.
§ 5. Subdivision 6 of section 352-c of the general business law, as
added by chapter 146 of the laws 1982, is amended to read as follows:
6. Any person, partnership, corporation, company, trust or associ-
ation, or any agent or employee thereof who intentionally engages in
fraud, deception, concealment, suppression, false pretense or fictitious
or pretended purchase or sale, or who makes any material false represen-
tation or statement with intent to deceive or defraud, while engaged in
inducing or promoting the issuance, distribution, exchange, sale, nego-
tiation or purchase within or from this state of any securities or
commodities, as defined in this article, and thereby wrongfully obtains
property of a value in excess of [two hundred fifty] THREE THOUSAND
dollars, shall be guilty of a class E felony.
§ 6. This act shall take effect immediately and shall apply to any
crime committed on or after such effective date as well as any crime
committed prior to such date where a sentence for that crime has not yet
been initially imposed.