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

This bill (S 887) lowers the monetary threshold for motor vehicle theft to qualify as a second-degree crime. Currently, motor vehicle theft is a third-degree offense (up to 5 years in prison) if the vehicle is valued under $25,000. The bill would reclassify theft of a vehicle valued at $25,000 or more as a second-degree crime (up to 10 years in prison), while vehicles under $25,000 would remain third-degree. It directly affects individuals who steal vehicles meeting this new value threshold, increasing potential penalties for higher-value vehicle thefts. The change specifically modifies New Jersey's theft statute (N.J.S.2C:20-2) to adjust the grading for motor vehicles.