Illinois Theft Policy

State:
Multi-State
Control #:
US-240EM
Format:
Word; 
Rich Text
Instant download

Description

This policy informs employees that theft from the company or other employees will not be tolerated.

How to fill out Theft Policy?

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FAQ

$500 in value, or theft of property exceeding $500 and not exceeding $10,000 in value, is a Class 3 felony. $500 in value, or theft of property exceeding $500 and not exceeding $10,000 in value, is a Class 2 felony if the theft was committed in a school or place of worship or if the theft was of governmental property.

The state legislature changed the penalties for retail theft in 2012. Whereas before, if the value of the stolen merchandise was greater than $150, the offender could be charged with a felony. Now, as long as the value of the merchandise is $300 or less, the offense is a misdemeanor.

Class 1 felony theft The theft of property worth between $100,000 and $1,000,000.

Under Illinois law, a person commits theft by:knowingly taking or obtaining control over another's property.without authorization (including using threats, using deception, or knowing it's stolen), and.with intent to permanently deprive the owner of their property.

The penalties for retail theft in Illinois were adjusted as of January 1, 2011. When the merchandise has a total value under $300.00, the charge is filed as a Class A Misdemeanor. Class A Misdemeanors are punishable by up to 12 months in jail and a $2,500 fine.

Shoplifting retail items valued at $300 or less and using an emergency exit with a prior conviction or shoplifting items valued over $300 (including in separate offenses committed within a year) is a Class 3 felony, which is punishable by fines of up to $25,000 and/or 2-5 years of imprisonment.

What is Petty Theft in Illinois? In Illinois, petty theft is when you knowingly steal or obtain control over the property with the intent to permanently deprive the owner of that property. You will be charged with petty theft if the amount you stole does not exceed $500.

According to the law, retailers are allowed to recover the following: Actual damages equal to the full retail value of the merchandise; An amount not less than $100 nor more than $1,000; plus. Attorney's fees and court costs.

Class 1 felony theft The theft of property worth between $100,000 and $1,000,000.

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Illinois Theft Policy