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I'm sorry to hear about your situation. As it's a first offense, it's likely that there won't be any jail / prison, but rather probation. Now the law does not make a distinction between misdemeanor and felony theft based upon how much you took, but rather the prosecutor has discretion as to charging the crime as one or the other given the facts of the matter. Now the less that was taken, the more likely it would be charged as a misdemeanor.
There is no "petty theft" statute in Indiana. Rather, Indiana law refers to this level of theft offense as “conversion,” which is a Class misdemeanor. A person who commits a Class A misdemeanor may receive a term of imprisonment of not more than one year, as well as a fine of not more than $5,000. (Ind. Code Ann. § 35-50-3-2.) The court may suspend any portion of a Class A misdemeanor sentence. (Ind. Code Ann. § 35-50-3-1.) Note that it's "not more than" a year. Again, given that this was a first offense, it's likely that no jail would be ordered at all, but rather probation (keep your nose clean for a specific period of time and you won't go to jail).
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