(A) Statute adopted; delinquency. 68 O.S. § 217 is hereby adopted and made a part of this subchapter, 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 subchapter, provided, that the failure or refusal of any taxpayer to make and transmit the reports and remittances of tax in the time and manner required by said article shall cause such tax to be delinquent. In addition, if such delinquency continues for a period of five days, the taxpayer shall forfeit his or her claim to any discount allowed under said subchapter.
(B) Waiver. The interest or penalty or any portion thereof accruing by reason of a taxpayer’s failure to pay the town tax herein levied may be waived or remitted in the same manner as provided for said waiver or remittance as applied in administration of the state tax provided in 68 O.S. § 220; and to accomplish the purposes of this section the applicable provisions of said 68 O.S. § 220 are hereby adopted by reference and made a part of this subchapter.
(Prior Code, § 2-2A-13)