Section 26-51-516 - Paisley's Law - Stillborn child tax credit - Definition(a) This section shall be known and may be cited as "Paisley's Law".(b) There is allowed an income tax credit against the income tax imposed by this chapter in the amount of five hundred dollars ($500) for a stillborn child: (1) Who was in gestation for twenty (20) weeks or more;(2) For whom a certificate of birth resulting in stillbirth has been issued under § 20-18-410; and(3) Who would have been a dependent of the taxpayer during the taxable year.(c) The income tax credit allowed under this section may be claimed only for the taxable year in which the birth resulting in stillbirth occurs.(d) The amount of the income tax credit under this section that may be claimed by the taxpayer in a taxable year shall not exceed the amount of income tax due by the taxpayer.(e) As used in this section, "stillbirth" means the same as defined in § 20-18-410.Added by Act 2021, No. 935,§ 1, eff. for tax years beginning on or after January 1, 2021.