New Mexico Theft Policy
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FAQ
Federal law says that the general 5-year statute of limitations applies in every case unless there is a specific code section that extends the statute of limitations for that particular offense.
In order to be a felony theft, the value of the property must exceed a minimum amount established by state law, typically between $1,000 and $2,500often referred to as the felony-theft threshold. (Some states have been slow to keep up with inflation, so stealing a $500 item can be a felony.)
Shoplifting. (4) willfully transferring merchandise from the container in or on which it is displayed to another container with the intention of depriving the merchant of all or some part of the value of it. (5) is more than twenty thousand dollars ($20,000) is guilty of a second degree felony.
In New Mexico, the state's civil statute of limitations is three years for personal injury or defamation and four years for injury to personal property and most other civil claims. New Mexico's criminal statute of limitations ranges from three to six years for felonies and one to two years for misdemeanors.
Whoever commits larceny when the value of the property stolen is over two thousand five hundred dollars ($2,500) but not more than twenty thousand dollars ($20,000) is guilty of a third degree felony.
(2) willfully concealing merchandise with the intention of converting it without paying for it; (3) willfully altering a label, price tag or marking upon merchandise with the intention of depriving the merchant of all or some part of the value of it; or.
A person commits a fourth-degree felony when the value of the stolen property or services is more than $500 but less than $2,501. It's also a fourth-degree felony to steal a firearm valued at less than $2,500.
When you hear the term grand larceny, they are most likely referring to second-degree felony larceny. In this case, you have stolen property valued at over $20,000, such as an automobile. You not only will face up to 9 years in a state prison, but also be fined up to $10,000.
Fourth-Degree Felony Larceny A person commits a fourth-degree felony when the value of the stolen property or services is more than $500 but less than $2,501. It's also a fourth-degree felony to steal a firearm valued at less than $2,500. This offense can result in up to 18 months' incarceration and a $5,000 fine.
By way of background, when the value of the merchandise stolen is less than $500, New Mexico law classifies shoplifting as a misdemeanor.
