Section 3-2-12. Waiver of penalties by commissioner

   The commissioner may waive, in whole or in part, the collection of any amount due the state as a penalty under this title whenever, or to the extent that, he reasonably determines that the default giving rise to the penalty was due to reasonable cause and not due to gross or willful neglect or disregard of the law or of regulations or instructions pertaining to the law.

Code 1933, § 5A-312, enacted by Ga. L. 1980, p. 1573, § 1.