Larceny; establishing certain offense and providing penalty. Effective date.

SB 748 amends Oklahoma's larceny law to specifically address theft from retail or wholesale establishments, directly affecting individuals who steal merchandise, food, or other items from stores. It establishes tiered penalties based on the value of stolen goods: misdemeanor fines up to $500 for items under $1,000 (with higher minimum fines for multiple items), and felony penalties ranging from 2 to 8 years in prison for values exceeding $1,000. Key provisions include aggregating multiple thefts within 180 days to determine sentencing, imposing joint liability for group thefts, and adding a $500 fine or 30 hours of community service for stealing shopping carts. The bill also requires convicted individuals to pay restitution to victims as specified in Oklahoma law, effective November 1, 2025.