diff --git a/moto/ec2/exceptions.py b/moto/ec2/exceptions.py
index f17bcbaa1..d54e75868 100644
--- a/moto/ec2/exceptions.py
+++ b/moto/ec2/exceptions.py
@@ -615,3 +615,13 @@ class InvalidVpcEndPointIdError(EC2ClientError):
             "InvalidVpcEndPointId.NotFound",
             "The VpcEndPoint ID '{0}' does not exist".format(vpc_end_point_id),
         )
+
+
+class InvalidTaggableResourceType(EC2ClientError):
+    def __init__(self, resource_type):
+        super(InvalidTaggableResourceType, self).__init__(
+            "InvalidParameterValue",
+            "'{}' is not a valid taggable resource type for this operation.".format(
+                resource_type
+            ),
+        )
diff --git a/moto/ec2/models.py b/moto/ec2/models.py
index fa2dce801..dbbfb2838 100644
--- a/moto/ec2/models.py
+++ b/moto/ec2/models.py
@@ -109,6 +109,7 @@ from .exceptions import (
     IncorrectStateIamProfileAssociationError,
     InvalidAssociationIDIamProfileAssociationError,
     InvalidVpcEndPointIdError,
+    InvalidTaggableResourceType,
 )
 from .utils import (
     EC2_RESOURCE_TO_PREFIX,
@@ -1522,10 +1523,26 @@ class AmiBackend(object):
             ami_id = ami["ami_id"]
             self.amis[ami_id] = Ami(self, **ami)
 
-    def create_image(self, instance_id, name=None, description=None, context=None):
+    def create_image(
+        self,
+        instance_id,
+        name=None,
+        description=None,
+        context=None,
+        tag_specifications=None,
+    ):
         # TODO: check that instance exists and pull info from it.
         ami_id = random_ami_id()
         instance = self.get_instance(instance_id)
+        tags = []
+        for tag_specification in tag_specifications:
+            resource_type = tag_specification["ResourceType"]
+            if resource_type == "image":
+                tags += tag_specification["Tag"]
+            elif resource_type == "snapshot":
+                raise NotImplementedError()
+            else:
+                raise InvalidTaggableResourceType(resource_type)
 
         ami = Ami(
             self,
@@ -1536,6 +1553,8 @@ class AmiBackend(object):
             description=description,
             owner_id=OWNER_ID,
         )
+        for tag in tags:
+            ami.add_tag(tag["Key"], tag["Value"])
         self.amis[ami_id] = ami
         return ami
 
diff --git a/moto/ec2/responses/amis.py b/moto/ec2/responses/amis.py
index 178d583e0..079e2cc06 100755
--- a/moto/ec2/responses/amis.py
+++ b/moto/ec2/responses/amis.py
@@ -8,9 +8,14 @@ class AmisResponse(BaseResponse):
         name = self.querystring.get("Name")[0]
         description = self._get_param("Description", if_none="")
         instance_id = self._get_param("InstanceId")
+        tag_specifications = self._get_multi_param("TagSpecification")
         if self.is_not_dryrun("CreateImage"):
             image = self.ec2_backend.create_image(
-                instance_id, name, description, context=self
+                instance_id,
+                name,
+                description,
+                context=self,
+                tag_specifications=tag_specifications,
             )
             template = self.response_template(CREATE_IMAGE_RESPONSE)
             return template.render(image=image)
diff --git a/requirements-dev.txt b/requirements-dev.txt
index 2df056d85..566f2fed2 100644
--- a/requirements-dev.txt
+++ b/requirements-dev.txt
@@ -9,7 +9,7 @@ flask
 flask-cors
 boto>=2.45.0
 boto3>=1.4.4
-botocore>=1.18.17
+botocore>=1.19.30
 six>=1.9
 prompt-toolkit==2.0.10 # 3.x is not available with python2
 click==6.7
diff --git a/tests/test_ec2/test_amis.py b/tests/test_ec2/test_amis.py
index 57e64cb55..8ea4cb865 100644
--- a/tests/test_ec2/test_amis.py
+++ b/tests/test_ec2/test_amis.py
@@ -876,3 +876,48 @@ def test_ami_snapshots_have_correct_owner():
 
         for snapshot in snapshots_rseponse["Snapshots"]:
             assert owner_id == snapshot["OwnerId"]
+
+
+@mock_ec2
+def test_create_image_with_tag_specification():
+    ec2 = boto3.resource("ec2", region_name="us-west-1")
+    client = boto3.client("ec2", region_name="us-west-1")
+    tag_specifications = [
+        {
+            "ResourceType": "image",
+            "Tags": [
+                {
+                    "Key": "Base_AMI_Name",
+                    "Value": "Deep Learning Base AMI (Amazon Linux 2) Version 31.0",
+                },
+                {"Key": "OS_Version", "Value": "AWS Linux 2",},
+            ],
+        },
+    ]
+    instance = ec2.create_instances(ImageId=EXAMPLE_AMI_ID, MinCount=1, MaxCount=1)[0]
+    image_id = client.create_image(
+        InstanceId=instance.instance_id,
+        Name="test-image",
+        Description="test ami",
+        TagSpecifications=tag_specifications,
+    )["ImageId"]
+
+    image = client.describe_images(ImageIds=[image_id])["Images"][0]
+    image["Tags"].should.equal(tag_specifications[0]["Tags"])
+
+    with pytest.raises(ClientError) as ex:
+        client.create_image(
+            InstanceId=instance.instance_id,
+            Name="test-image",
+            Description="test ami",
+            TagSpecifications=[
+                {
+                    "ResourceType": "invalid-resource-type",
+                    "Tags": [{"Key": "key", "Value": "value"}],
+                }
+            ],
+        )
+    ex.value.response["Error"]["Code"].should.equal("InvalidParameterValue")
+    ex.value.response["Error"]["Message"].should.equal(
+        "'invalid-resource-type' is not a valid taggable resource type for this operation."
+    )