A. Delinquency; Statute Adopted: 68 Oklahoma Statutes section 217, as the same has been amended and is now amended and as shall be amended from time to time, is hereby adopted and made a part of this chapter, and interest and penalties at the rates and amounts as therein specified are hereby levied and shall be applicable in the 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 remittances 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.
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 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 as such may be amended; and to accomplish the purpose of this section, the applicable provisions of said section 220 are hereby adopted by reference and, as such may be amended, are hereby adopted by reference as a part of this chapter. (2013 Code)