Voluntary Portable Benefits Plan Act.

Expanded the definition of 'hiring party' to explicitly include internet or application-based companies, ensuring gig economy workers are covered.

Added a specific list of covered benefit plans (health, unemployment, income replacement, disability, life, and retirement) to clarify what the portable benefit account can fund.

Strengthened the rules for withholding funds from independent contractors by requiring the agreement to be clear, unambiguous, and prominently displayed in a contract or invoice.

Added a new tax provision clarifying that contributions made by hiring parties are deductible business expenses and excluded from the independent contractor's taxable income.

Added a new section specifying that the tax implications apply to taxable years beginning on or after January 1, 2026, while the general effective date remains July 1, 2026.

Updated the session date from April 28, 2026, to April 30, 2026, and changed the bill identifier from a draft code to 'House Bill 1083-First Edition'.

Expanded the list of sponsors from a single representative to four representatives (Reeder, Chesser, Rhyne, and Schietzelt) and added a reference to the General Assembly website for a complete list.

Removed draft-specific tracking codes and internal document headers that were present in the initial filing version.

Adjusted the internal line numbering and indentation of the text to align with standard legislative formatting requirements.