Establishes the crime of selling stolen property and increases penalties for receiving stolen property.
Mississippi HB1027 amends Section 97-17-70 of the Mississippi Code of 1972 to create the crime of selling stolen property. It also increases penalties for receiving stolen property. The bill mandates that sellers of stolen property must compensate the owner for the property's value before any court fees or criminal penalties. Penalties vary based on the value of the stolen property, with higher values resulting in longer prison sentences and larger fines. The act takes effect from July 1, 2026.
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