INCREASE PENALTY FOR LARCENY OF FIREARM

HB 197 increases penalties for stealing firearms by reclassifying the theft of a firearm valued under $2,500 from a fourth degree felony to a third degree felony. This change means individuals convicted of stealing such firearms would face more severe prison sentences than under current law. The bill directly affects people who commit firearm theft in New Mexico, specifically targeting cases involving firearms worth less than $2,500.