The penalties for felony theft can include a prison sentence, fines and court-ordered restitution, according to Nolo. Each state determines penalties. In addition, the severity of the penalties can vary with the specifics of the individual case.
The laws of each state determine what constitutes a felony theft as opposed to a misdemeanor. The value of the stolen material, the circumstances of the crime, the items stolen and the suspect's criminal history are some factors that may affect the classification of a theft as a felony and the degree of felony. These factors also influence the severity of the sentence, notes Nolo.