[July 4th]

(1) Does this apply only to Federal candidates or to ALL State & Local candidates?

Only Federal candidates, but the door is now open for states to enact similar legislation. Many will likely do so.

(2) Can Political Parties continue to run ad's immediately before an election? If not, what are the time frame limits?

I'm still a bit unclear as to what content may be permitted, but yes. Political parties are not "independent nonparty groups" - they're not issue-advocacy groups, so they have more leeway. They may not coordinate ads with campaigns, however, or they will be subject to contribution restrictions.

(3) Do Political parties have to remove their web-sited during the banned time period?

No. This is only a broadcast media restriction.

[oceanview]

until the 9th circuit rules that the internet is no different then broadcast media, give it a few months for the case to make its way up there.