Internet Tax Moratorium and Equity Act

This bill would extend a nationwide ban on state and local governments taxing internet access fees and imposing "discriminatory" taxes on online purchases through December 31, 2005. It also encourages states to simplify their tax codes by creating a uniform system for collecting sales taxes on items bought from out-of-state online retailers. For the average citizen, this legislation aims to keep monthly internet service bills lower by preventing new taxes and seeks to create a more consistent tax experience when shopping online across different states.