the last day of the 1-year period with respect to such employee determined under subsection (b)(2). (B) Limitation The amount of the qualified second-year wages which may be taken into account with respect to any individual shall not exceed $6,000 per year. (3) ELEVATE employee For purposes of this subsection, the term ELEVATE employee means an individual who is hired by the employer through the subsidized employment program under part A of title XIII of the Social Security Act and who has been employed by the same employer for a consecutive 24 months as of the last day of the preceding taxable year. . (b) GAO study The Comptroller General of the United States shall conduct a study on the employee retention credit under section 51(l) of the Internal Revenue Code of 1986 and, not later than 6 months after the last day of the second taxable year beginning after the date of the enactment of this Act, shall report to the Committee on Finance of the Senate and the Committee on Ways and Means of the House of Representatives— (1) whether such retention credit had a meaningful impact on retention as compared with other currently existing and previous subsidized employment programs