Larceny; modifying value threshold for certain misdemeanor and felony offenses. Effective date.

SB 855 lowers the value threshold for misdemeanor theft of merchandise from retailers or wholesalers in Oklahoma from $1,000 to $500. This means thefts valued under $500 will now be classified as misdemeanors (with penalties up to 30 days in jail and $500 fines) instead of felonies, affecting individuals who steal store goods and retailers as victims. The bill also updates felony thresholds to start at $500-$2,500 (previously $1,000-$2,500) and requires courts to aggregate multiple offenses within 180 days for sentencing. Additionally, convicted individuals must pay restitution to victims as outlined in Oklahoma law. The bill takes effect November 1, 2025.