Imposes an excise tax on colleges and universities allowing specified individuals to participate in intercollegiate athletics.

The Fair Play Enforcement Act amends the Internal Revenue Code to impose an excise tax on colleges and universities that knowingly allow specified individuals to participate in intercollegiate athletics. The tax is based on the institution's gross athletic receipts and varies depending on the number of violations committed over a six-year period. The tax aims to enforce fair play in college sports by penalizing institutions that allow ineligible athletes to compete.

Imposes an excise tax on colleges and universities allowing specified individuals to participate in intercollegiate athletics.

The Fair Play Enforcement Act amends the Internal Revenue Code to impose an excise tax on colleges and universities that knowingly allow specified individuals to participate in intercollegiate athletics. The tax is based on the institution's gross athletic receipts and varies depending on the number of violations committed over a six-year period. The tax aims to enforce fair play in college sports by penalizing institutions that allow ineligible athletes to compete.