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26 USC § 2622 - Taxable amount in case of taxable termination 

---
identifier: "/us/usc/t26/s2622"
source: "usc"
legal_status: "official_prima_facie"
title: "26 USC § 2622 - Taxable amount in case of taxable termination"
title_number: 26
title_name: "INTERNAL REVENUE CODE"
section_number: "2622"
section_name: "Taxable amount in case of taxable termination"
chapter_number: 13
chapter_name: "TAX ON GENERATION-SKIPPING TRANSFERS"
subchapter_number: "C"
subchapter_name: "Taxable Amount"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
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.)"
---

# § 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)** **Deduction for certain expenses** For purposes of subsection (a), there shall be allowed a deduction similar to the deduction allowed by section 2053 (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.)

## Editorial Notes

### Amendments

1986— 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 .

## Statutory Notes and Related Subsidiaries

### Effective Date of 1986 Amendment

Section applicable to generation-skipping transfers (within the meaning of ) made after , except as otherwise provided, see , set out as a note under .