A. Delinquency: 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 Use Tax levied by this chapter; provided, that the failure or refusal of any retailer or vendor to make and transmit the reports and remittances of Use 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 retailer or vendor shall forfeit his claim to any discount allowed under this chapter. (2007 Code § 1-118)
B. Waiver Of Interest And Penalties: The interest or penalty, or any portion thereof, accruing by reason of a retailer's or vendor's failure to pay the Use 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 Use Tax provided in 68 Oklahoma Statutes section 220, as amended; 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 § 1-119; amd. 2019 Code)