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Yes. The statute of limitations (which varries by state) for a misdemeanor is typically one year. Theft would typically fall under the category of misdemeanor unless there were aggrivated circumstances, i.e. a statutory dollar amount set forth by the state in which if the item stolen is worth more than a certain amount it becomes a felony; or certain items such as in NC it is a felony to steal a dog. In any felony case the same concept of statute of limitations applies; however, the statute of limitations will most likely be higher than that of the misdemeanor equivalent.

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