A. Delinquency; Statute Adopted: 68 Oklahoma Statutes section 217 is 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. Provided, that the failure or refusal of any taxpayer to make and transmit the reports and remittance of tax in the time and manner required by this chapter 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. (1985 Code ch. 7 § 1-16)
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 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 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. (1985 Code ch. 7 § 1-17)