Provides for tiered and reduced penalties for offenses of larceny, and shoplifting. Further provides that offenses of shoplifting or larceny would not be misdemeanors, repeals habitual offender provisions and other fraudulent offenses.
Establishes a reasonable inference that certain transfers of money or property by a vulnerable elderly, physically disabled, incompetent or incapacitated person were a wrongful taking in violation larceny statutes.