Bill > HB301

This bill establishes the Independent Contractor Voluntary Portable Benefits Act, creating a new chapter in Louisiana law to allow independent contractors to voluntarily set up and contribute to portable benefit accounts. These accounts, managed by a portable benefit account provider (which can be a bank, investment firm, or technology provider working with them), are owned by the independent contractor and are not tied to any specific hiring party, meaning the benefits are portable. Funds can be contributed by the hiring party or withheld from the independent contractor's compensation, but only if there's a clear, written agreement where the independent contractor voluntarily opts in and can opt out at any time. Importantly, these contributions are voluntary and will not be used to determine if someone is an employee or to establish employer liability under Louisiana's Workers' Compensation Law or Employment Security Law.

Labor and Employment

https://www.legis.la.gov/legis/BillInfo.aspx?s=26rs&b=HB301&sbi=y