Amends TCA Title 39 and Title 40.

Present law provides that theft of property or services is a Class E felony if the property obtained is a firearm worth less than $2,500. This bill removes this provision and provides, instead, that theft of property or services is a Class C felony if the property obtained is a firearm worth less than $60,000. Additionally, this bill adds to present law that it is generally a Class C felony to knowingly receive, possess, conceal, store, barter, sell, transfer, or dispose of a stolen firearm or firearms ammunition, when the person knows or reasonably should have known that the firearm or firearms ammunition was stolen. However, it is not an offense for a law enforcement officer or law enforcement agency, acting pursuant to law, to confiscate and dispose of a stolen firearm or firearms ammunition.