A. Delinquencies: 68 Oklahoma Statutes section 217, as amended, is hereby adopted and made a part of this chapter, and interest and 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 by this chapter. 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 all claim to any discount allowed under this chapter. (2007 Code § 1-95)
B. Waiver Of Interest And Penalties: The interest, penalty or any portion thereof, accruing by reason of a taxpayer's failure to pay the City Sales Tax herein levied, may be waived or remitted in the same manner provided for said waiver or remittance, as applied in the administration of the State Sales Tax provided in 68 Oklahoma Statutes section 220; 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. (2007 Code § 1-96)