MI HB4320

Increases the statewide acreage limit for qualified forest property exemption from 1,200,000 acres to 2,400,000 acres beginning in fiscal year 2012 and each year thereafter.

Changes the minimum property size requirement from 20 contiguous acres to 10 contiguous acres, with at least 50% (instead of 80%) stocked with productive forest capable of producing forest products.

Increases the individual owner acreage exemption limit per local tax collecting unit from 320 acres to 640 acres (or equivalent of 16 survey units).

Shifts administration from the Department of Natural Resources to the Department of Agriculture and Rural Development, and requires qualified foresters to register with the state.

Establishes a $50 application fee for exemption claims and modifies the 2-mill fee collection process, directing revenues to the private forestland enhancement fund rather than the state general fund.