Lowers monetary threshold for certain motor vehicle theft to constitute second degree crime.

New Jersey Senate Bill S1368 lowers the monetary threshold for motor vehicle theft to qualify as a second-degree crime. Currently, theft of a motor vehicle valued at $25,000 or more is classified as a third-degree offense (up to 5 years in prison). The bill changes this so that vehicles valued at $25,000 or more would be charged as a second-degree crime (up to 10 years in prison and up to $150,000 in fines). Motor vehicles valued below $25,000 would remain a third-degree offense. This change directly affects individuals stealing high-value vehicles, increasing potential penalties for those crimes.