PENALTY FOR RECEIVING STOLEN FIREARM

HB 196 increases penalties for receiving stolen firearms in New Mexico by lowering the value threshold that triggers a felony charge. Currently, receiving stolen property valued over $2,500 is a third-degree felony, but this bill makes receiving a stolen firearm a third-degree felony regardless of its value (even under $2,500). It directly affects individuals who knowingly receive, retain, or dispose of a stolen firearm, including dealers who might acquire firearms at suspiciously low prices or in bulk. The change specifically targets firearm-related thefts by making the offense more severe compared to other stolen property. The bill is currently under review by the House Consumer & Public Affairs and Judiciary Committees.