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Who cares
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Sponsors
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History
- Referred to codes
- Referred to codes
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Creates the crime of theft of rental property or equipment
In Assembly Committee · Codes · Sponsor Brian Kolb
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the penal law, in relation to the criminality of theft of rental property or equipment
Summary of provisions
Section one amends the Penal Law by adding section 190.87 establishing criminal theft of rental property or equipment valued at less than five hundred dollars as a class A misdemeanor.
Section two amends the Penal Law by adding section 190.88 establishing' criminal theft of rental property or equipment valued at five hundred dollars or more as a class E felony.
Section three makes the bill effective on the thirtieth day after it shall have become law.
Justification
Rental equipment businesses are not only having trouble trying to collect the rental fees for their equipment, but the actual equipment. According to the American Rental Association (ARA), it is estimated that $1 billion worth of equipment is stolen each year in the united States.
The New York State economy depends in large part on the health of the State's small businesses. Given that so much of our future prosperity is dependent upon these businesses, it is important that their resources are protected. This legislation will provide law enforcement with a clear enforcement tool against those who knowingly steal rental equipment in an effort deter this fraudulent behavior. It is imperative that these businesses' resources be protected, as they need be afforded every opportunity to succeed in New York State.
Legislative history
S.7806 of 2007/2008
Fiscal implications
None.
Effective date
This act shall take effect on the thirtieth day after it shall have become law.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.