Section 693. Transferees

--(a) General.--The liability, at law or in equity,
  of a transferee of property of a taxpayer for any tax, additions to tax,
  penalty  or interest due the tax commission under this article, shall be
  assessed, paid, and collected in the same manner and subject to the same
  provisions and limitations as in the  case  of  the  tax  to  which  the
  liability  relates, except that the period of limitations for assessment
  against the transferee shall be extended by one year for each successive
  transfer, in  order,  from  the  original  taxpayer  to  the  transferee
  involved,  but  not  by more than three years in the aggregate. The term
  transferee includes donee, heir, legatee, devisee and distributee.
    (b) Exceptions.--
    (1) If  before  the  expiration  of  the  period  of  limitations  for
  assessment of liability of the transferee, a claim has been filed by the
  tax  commission  in  any court against the original taxpayer or the last
  preceding transferee based upon the liability of the original  taxpayer,
  then  the  period  of  limitation  for  assessment  of  liability of the
  transferee shall in no event expire prior to one year after  such  claim
  has been finally allowed, disallowed or otherwise disposed of.
    (2) If, before the expiration of the time prescribed in subsection (a)
  or  the  immediately  preceding  paragraph  of  this  subsection for the
  assessment of the liability, the tax commission and the transferee  have
  both  consented  in  writing  to  its  assessment  after  such time, the
  liability may be assessed at any time prior to  the  expiration  of  the
  period  agreed  upon.  The  period  so  agreed  upon  may be extended by
  subsequent agreements in writing  made  before  the  expiration  of  the
  period previously agreed upon. For the purpose of determining the period
  of  limitation  on credit or refund to the transferee of overpayments of
  tax made  by  such  transferee  or  overpayments  of  tax  made  by  the
  transferor  as  to which the transferee is legally entitled to credit or
  refund, such agreement and any extension  thereof  shall  be  deemed  an
  agreement and extension thereof referred to in subsection (b) of section
  six  hundred  eighty-seven.  If  the  agreement  is  executed  after the
  expiration of the  period  of  limitation  for  assessment  against  the
  original taxpayer, then in applying the limitations under subsection (b)
  of  section  six  hundred  eighty-seven  on  the amount of the credit or
  refund, the periods specified in subsection (a) of section  six  hundred
  eighty-seven  shall  be  increased  by  the period from the date of such
  expiration to the date of the agreement.
    (c) Deceased transferor.--If any person is  deceased,  the  period  of
  limitation  for assessment against him shall be the period that would be
  in effect if he had lived.
    (d) Evidence.--Notwithstanding the provisions  of  subsection  (e)  of
  section six hundred ninety-seven the tax commission shall use its powers
  to  make  available  to  the transferee evidence necessary to enable the
  transferee to determine the liability of the original  taxpayer  and  of
  any  preceding  transferees,  but without undue hardship to the original
  taxpayer or preceding transferee. See  subsection  (e)  of  section  six
  hundred eighty-nine for rule as to burden of proof.