MI SB0653

Allows commercial forest owners to withdraw up to 160 acres without penalty by September 1, 2021, if the land becomes transitional qualified forest property and the owner has continuously owned it since September 1, 2016.

Establishes withdrawal application fees of $1.00 per acre (minimum $200, maximum $1,000) and calculates withdrawal penalties based on acreage, county valuation, millage rates, years enrolled (maximum 7), and county-specific multipliers ranging from 0.2 to 0.8.

Exempts from fees and penalties forestland donated to public bodies, exchanged with public bodies, condemned for public use, or previously exempt from property tax if the owner reimburses the state for specific taxes paid.

Allows the Department of Natural Resources to withdraw forestland without penalty if acquired by a federally recognized Indian tribe and property taxes are preempted under federal law.

Requires the department to publish county-by-county calculations for valuation, adjusted values with inflation rates, and average millage rates on its website.