What is the threshold value for theft to escalate from a misdemeanor to a felony under Illinois guidelines?

In Illinois, the threshold value for theft to escalate from a misdemeanor to a felony is set at $500. This amount is significant because it determines the legal classification of the crime committed. If the value of the stolen property is less than $500, the offense is generally categorized as a misdemeanor. However, if the value meets or exceeds $500, it qualifies as a felony, which carries more severe penalties, including longer prison sentences and higher fines.

This classification is crucial for security contractors and law enforcement professionals to understand, as it affects how they respond to theft incidents and the potential legal consequences for perpetrators. Factors such as repeat offenses or specific circumstances surrounding the theft may also influence how the crime is charged, but the $500 threshold is a key determinant in many cases. Understanding this threshold helps individuals involved in security and law enforcement ensure that they are operating within the legal framework when addressing theft-related incidents.