Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia is amended by adding a section numbered 18.2-104.01 as follows:

§18.2-104.01. Punishment for conviction of fourth or subsequent misdemeanor larceny; penalty.

When a person is convicted of a fourth or subsequent offense of larceny or a fourth or subsequent offense deemed to be or punished as larceny under any provision of the Code, and it is alleged in the warrant, indictment, or information on which he is convicted, and admitted, or found by the jury or judge before whom he is tried, that he has been before convicted in the Commonwealth or in another jurisdiction of three or more offenses of larceny or three or more offenses deemed to be or punishable as larceny, or of three or more substantially similar offenses in any other jurisdiction, regardless of whether the prior convictions were misdemeanors or felonies, or any combination thereof, he is guilty of a Class 6 felony.

2. That the provisions of this act may result in a net increase in periods of imprisonment or commitment. Pursuant to §30-19.1:4 of the Code of Virginia, the estimated amount of the necessary appropriation is $9,032,291 for periods of imprisonment in state adult correctional facilities and cannot be determined for periods of commitment to the custody of the Department of Juvenile Justice.