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Usually it is a misdemeanor, yes.
Petty theft if the alleged stolen items total < $2000. Grand Theft for over. Petty Theft is a misdemeanor. Petty with a Prior is a felony. Grand Theft is a felony.
It stays on your record for the rest of your life.
It depends on the state. In many cases there isn't any however the amount may determine if the theft is considered a petty misdemeanor, misdemeanor, gross misdemeanor or felony and the appropriate court punishment will often be determined by the amounts.
will Nevada (Reno) extradite from Iowa for a petty theft/larceny valued at less than $50
The word "grand" tells the tale - it is a felony offense. If it was a misdemeanor, it would be "petit" theft. It is the dollar amount of the stolen item(s) that makes the difference, and that is set by the wording of the statute.
With a bit of luck they will throw the book at you.
This question depends on where you are going to court. Minimums are set by state or local law.Added: The MINIMUM jail time for a felony offense is more than one year plus one day in jail. However: The terminology "felony petty theft" in an oxymoron. If it is Petty (Petit) Theft, by definition, it would be a misdemeanor offense, NOT a felony, and punishable by jail not to exceed one year.
In many states the difference between felony and misdemeanor theft is whether the theft was above or under $500.
Petty (originally petit) Larceny is typically any type of theft that has a value of 250 to 500 dollars worth of goods being stolen or destroyed. Above 500 and you get into Grand Larceny. Basic legal term.
The statute of limitations can vary by jurisdiction. Typically a misdemeanor like petty theft is going to be limited to a few years, three or five being common. Check the specific state laws to see what they say.
In Nebraska, grand theft is characterized by stealing property worth more than $1,500 or certain types of property like firearms, vehicles, or livestock. Petty theft, on the other hand, involves stealing property valued at less than $500. The distinction between grand theft and petty theft is based on the value of the stolen property.