This bill establishes a voluntary framework for independent contractors to participate in portable benefit plans through authorized providers, without changing their classification under state law. It introduces a new chapter, Chapter 283-A, which defines key terms such as "hiring party," "independent contractor," "portable benefit account," and "provider." The bill allows hiring parties to voluntarily contribute funds to an independent contractor's portable benefit account, with specific conditions for withholding funds from compensation, including a written agreement and the contractor's opt-in consent.

Additionally, the bill clarifies that certain actions, such as contributions to a portable benefit account, will not affect a worker's classification as an independent contractor or employee under existing labor and tax statutes. It emphasizes that voluntary contributions from hiring parties do not establish an employer-employee relationship. The act will take effect 60 days after passage and is noted to have no fiscal impact on state, county, or local expenditures or revenue.