(A) 68 O.S. § 217 is hereby adopted and made a part of this subchapter, and interest and penalties at the rates and in the amounts as therein specified are hereby levied and shall be applicable in cases of delinquency in reporting and paying the use tax levied by this subchapter.
(B) Provided, the failure or refusal of any retailer or vendor to make and transmit the reports and remittances of use tax in the time and manner required by this subchapter shall cause such tax to be delinquent. In addition, if such delinquency continues for a period of five days, then the retailer or vendor shall forfeit his or her claim to any discount allowed under this subchapter.
(Prior Code, § 7-510) (Res. 2007-05, passed 4-2-2007) Penalty, see § 35.99