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(7) Biographical and other information compiled in databases. "Provider of Targeted Advertising Services" or "Provider" means a person engaged in the occupation of providing targeted advertising services whose annual cumulative gross receipts from targeted advertising services provided in this State during the previous 12-month period exceed $1,000,000. Each provider of targeted advertising services in this State shall determine on a quarterly basis, ending on the last day of March, June, September, and December, whether the provider met the $1,000,000 cumulative gross receipts threshold for the preceding 12-month period. If the provider meets the threshold for a 12-month period, the provider is subject to the tax imposed under this Act and is required to remit the tax and file returns for one year. At the end of that one-year period, the provider of targeted advertising services shall determine whether it met the threshold during the preceding 12-month period. If the provider meets the threshold for the preceding 12-month period, they are required to continue to remit the tax imposed under this Act and file returns for the subsequent year. If at the end of a one-year period a provider of targeted advertising services determines that it did not meet the threshold during the preceding 12-month period, that provider shall subsequently determine on a quarterly basis, ending on the last day of March, June, September, and December, whether the provider meets the SB3019 Enrolled LRB104 20255 HLH 33706 b Public Act 104-0468