HB1066 — revise a provision related to theft by a contractor, subcontractor, or supplier.
What changed between bill versions as it moved through the Legislature.
The amendment significantly NARROWS the scope of theft by removing the specific $500 threshold and the requirement that unpaid labor, materials, or machinery accounts remain outstanding, instead establishing a broader general theft provision that applies whenever a contractor misappropriates entrusted property for purposes other than improvement of the real estate. This simplifies the statute by eliminating complex financial conditions and the safe harbor for withholding funds pending work completion, making it easier to prosecute contractor theft cases.