- Associated Press - Monday, January 23, 2017

RICHMOND, Va. (AP) - A bill in the state senate to raise the threshold for felony larceny has advanced in committee.

Media outlets report Virginia’s threshold for felony larceny was set in 1980 at $200, and is one of the lowest thresholds in the country.

Amended legislation by Sen. Scott A. Surovell of Fairfax and legislation from Sen. J. Chapman Petersen of Fairfax City would raise the amount to $500. The bills were combined in the Senate Courts of Justice committee.

A similar bill passed the full Senate in 2016 but was killed in a House committee.

Proponents of raising the threshold say a low threshold doesn’t reduce theft, and raising it would save taxpayers’ money because of fewer people incarcerated for larceny. Supporters of the high threshold say the strict law prevents theft.

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