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Are State agencies required to collect Payee Data Records, Std. 204 form for CAL-Card transactions?

April 26, 2017agencies collect Data form payee records State std

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Are State agencies required to collect Payee Data Records, Std. 204 form for CAL-Card transactions?

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Yes. State agencies are required to have a completed Payee Data Record, Std. 204, on file for each supplier. This data is used to prepare 1099 reporting information for the Franchise Tax Board. Agencies are also required to report to the Employment Development Department any spends to a service contractor equaling $600 or more. For more information regarding this requirement contact EDD at (916) 657-0529.