SB 43-PROPERTY CRIMES  1:34:58 PM CHAIR COGHILL announced the consideration of SB 43 and asked for a motion to adopt the work draft committee substitute (CS). 1:35:30 PM SENATOR DYSON moved to adopt CS for SB 43, labeled 28-LS0401\U, as the working document. There being no objection, Version U was before the committee. CHAIR COGHILL, speaking as the sponsor of SB 43, explained that the reason for the sponsor substitute is that the original bill inadvertently omitted the term "property" in the title. He introduced the bill speaking to the following sponsor statement: Senate Bill 43 ("SB") is about smart justice. Justice should not be diminished by inflation. The current values found in AS 11.46 (Chapter 46. Offenses Against Property) were adopted in 1978. To put that in perspective: In 1978, milk was $1.71 a gallon, gasoline was $0.63 a gallon and a dozen eggs cost $0.82. What is the net effect of not adjusting the values in the aforementioned statutes? Right now, a 19-year-old adult charged with stealing a bicycle (valued at $500 or more) faces a class C felony. Upon conviction, this status as a felon has long-term damaging effects which may affect the person's livelihood, integration into society, and overall quality of life. The repercussions and cost to the person's family and society can be very high. This dynamic needs to change. SB 43 corrects that problem. SB 43 acknowledges that prices are not "as they were" in 1978 and that the values need to be adjusted for inflation. "Valuation updates" in statutes/code for theft and property crimes are common throughout the United States and must be done periodically as goods become more expensive. Alaska is no different. Make no mistake: Guilty defendants will still face justice. The court, at sentencing, may still require restitution, jail time and fines. Courts, depending on the circumstances, can still aggressively sentence defendants to the furthest extent of the law. SB 43 merely updates the values to 2013 standards to ensure all parties are given intelligent, appropriate justice. CHAIR COGHILL warned the committee that testimony from storeowners in particular would probably be that this bill will make it more difficult to prosecute shoplifting or theft crimes. The bill proposes to increase the values in AS 11.46 from $50 to $250 and from $500 to $1,500. He noted that the packets contained information on felony theft thresholds in 11 other states and the year that the values were updated. He reminded the committee that a person who is charged with a theft or property crime would still face a class A or class B misdemeanor, which could result in a year in jail and a $10,000 fine. SENATOR OLSON commented that the price of gas has gone up exponentially, but the price of a cell phone has dropped just as dramatically. CHAIR COGHILL agreed that would be part of the balancing discussion of thievery. Comments he heard were that the price of electronics has gone down but stealing them has become easier. 1:38:36 PM CHAIR COGHILL stated he would hold SB 43 in committee.