Equitable Communication Site Fee Act of 1994

Equitable Communication Site Fee Act of 1994 - Amends the Federal Land Policy and Management Act of 1976 to direct the Secretaries of Agriculture and the Interior to establish and collect annual fees for the use of radio, television, and commercial mobile radio communications sites located on public lands. Sets forth fee schedules, with required annual fee review by the National Forest Service (Service) and the Bureau of Land Management (Bureau), and provides for annual fee adjustments, with limitations. Requires additional fees for additional site users.

Directs the Secretary of the Interior to establish and collect an annual fee for the use of television translator stations and FM translator stations located on public lands.

Directs the: (1) Secretaries to establish an advisory group for each of the television, radio, and commercial mobile radio industries to determine the fair market value for the use of communications sites on public lands; and (2) Chief Forester of the Service and the Bureau Director to jointly establish an advisory committee to determine fair market values and next best alternative uses for private radio communications site users from public and private communications sites. Requires reports from each of the advisory committees.