In Colorado, theft is categorized as a felony when the worth of the stolen property exceeds a specified threshold. This threshold is at present set at $2,000. Stealing objects price greater than this quantity elevates the crime from a misdemeanor to a felony, no matter the kind of property stolen. For instance, stealing a bicycle price $2,500 could be thought of a felony, as would embezzling $5,000 from an employer. Particular circumstances, such because the theft of a firearm or livestock, could also be labeled as felonies whatever the financial worth.
The excellence between misdemeanor and felony theft carries important penalties. Felony convictions end in harsher penalties, together with substantial jail sentences, hefty fines, and a legal report that may affect future alternatives. This increased stage of authorized consequence displays the seriousness with which society views large-scale property crimes and goals to discourage such conduct. Traditionally, these thresholds have been adjusted to account for inflation and societal shifts in worth notion.
