A.   Failure To Pay Tax: Section 217 of title 68, Oklahoma Statutes, and amendments thereto, is hereby adopted and made a part of this chapter, and interest or 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 tax levied under this chapter; 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 this chapter shall cause such tax to be delinquent.
   B.   Waiver: The interest or penalty or any portion thereof accruing by reason of a taxpayer's failure to pay the town tax as levied under this chapter 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 amendments thereto; 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. (2002 Code)