---
kind: "section"
citation: "26 U.S.C. § 2622"
title: "26"
title_heading: "Internal Revenue Code"
number: "2622"
heading: "Taxable amount in case of taxable termination"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/26/2622"
units:
  - "Subtitle B — Estate and Gift Taxes"
  - "Chapter 13 — Tax on Generation-Skipping Transfers"
  - "Subchapter C — Taxable Amount"
---

# §2622. Taxable amount in case of taxable termination

- (a) **In general—** For purposes of this chapter, the taxable amount in the case of a taxable termination shall be—
  - (1) the value of all property with respect to which the taxable termination has occurred, reduced by
  - (2) any deduction allowed under [subsection (b)](#b).
- (b) **Deduction for certain expenses—** For purposes of [subsection (a)](#a), there shall be allowed a deduction similar to the deduction allowed by [section 2053](/usc/26/2053.md) (relating to expenses, indebtedness, and taxes) for amounts attributable to the property with respect to which the taxable termination has occurred.

## Source credit

(Added Pub. L. 94–455, title XX, § 2006(a), Oct. 4, 1976, 90 Stat. 1888; amended Pub. L. 99–514, title XIV, § 1431(a), Oct. 22, 1986, 100 Stat. 2720.)

## Notes

### Editorial Notes

### Amendments

1986—Pub. L. 99–514 amended section generally, substituting provisions relating to taxable amount in case of a taxable termination for former provisions which authorized the Secretary to promulgate regulations. See section 2663 of this title.

### Statutory Notes and Related Subsidiaries

### Effective Date of 1986 Amendment

Section applicable to generation-skipping transfers (within the meaning of section 2611 of this title) made after Oct. 22, 1986, except as otherwise provided, see section 1433 of Pub. L. 99–514, set out as a note under section 2601 of this title.