Relating to the punishment for the offense of theft.

HB 3507 amends Texas Penal Code Section 31.03 to reclassify theft offenses based on the property's value and specific circumstances, directly affecting anyone committing theft in Texas. It establishes tiered penalties: Class C misdemeanor for theft under $100, Class B misdemeanor for $100-$750 (or prior theft convictions), Class A misdemeanor for $750-$2,500, state jail felony for $2,500-$30,000 (or theft of firearms, driver's licenses, catalytic converters, or ballots), and third-degree felony for $30,000+ or repeated thefts. Key provisions include stricter penalties for theft of specific items like catalytic converters (valued under $30,000), firearms, or election materials, and higher penalties for repeat offenders. The bill changes sentencing outcomes without altering the definition of theft itself.