A. Generally: The provisions of 68 Oklahoma Statutes section 217 are hereby adopted and made a part of this chapter, and interest and penalties at the rates and in amounts as therein specified are hereby levied and shall be applicable in cases of delinquency in reporting and paying the tax levied by this chapter. The failure or refusal of any taxpayer to make and transmit the reports and remittances shall cause such tax to be delinquent. In addition, if such delinquency continues for a period of five (5) days, the taxpayer shall forfeit his claim to any discount allowed under this chapter. (1991 Code § 9-175)
B. Waiver Of Interest And Penalties: The interest or penalty or any portion thereof accruing by reason of a taxpayer's failure to pay the city tax levied in this chapter may be waived or remitted in the same manner as provided for the waiver or remittance as applied in the administration of the state sales tax provided in 68 Oklahoma Statutes section 220, and to accomplish the purposes of this section, the applicable provisions of said section 220 are hereby adopted by reference and made a part of this chapter. (1991 Code § 9-176)