St. Mary's County Awards Financial Services Contract to Kihomac Inc (December 2025)
St. Mary's CountyCounty · Leonardtown, MD- Disclosed value
- Tax credit not to exceed 25% of the County property tax assessed on the property; projected total credit example $38,047.28 over the incentive period
- From agreement
- Approved
- Dec 30, 2025
The 30-second brief
St. Mary's County has approved a multi-year commercial property tax credit agreement with KIHOMAC, Inc. for eligible improvements to its facility in Lexington Park. The credit, capped at 25% of the County property tax and lasting up to ten years depending on investment level, is projected in an example scenario to total roughly $38,000 over the incentive period.
Kihomac Inc holds this financial services contract with St. Mary's County. Its other public contracts on record include work for Utah GOED Business Development Board | State of Utah and City of Layton.
Term as filed: Up to ten (10) consecutive years beginning with the first County fiscal year in which the eligible improvements are made.
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Contract details
- Contract type
- Financial Services
- Amount
- Tax credit not to exceed 25% of the County property tax assessed on the property; projected total credit example $38,047.28 over the incentive period
- Document date
- December 30, 2025
- Term
- Up to ten (10) consecutive years beginning with the first County fiscal year in which the eligible improvements are made
- Vendor
- Kihomac Inc
- Agency
- St. Mary's County
- Source document
- St. Mary's County Agreement Improvements to Commercial Real Property Tax Credit Agreement 2025-12-30 (Agreement)
Kihomac Inc's other public contracts
More St. Mary's County contracts
Questions about this contract
Who was awarded the financial services contract by St. Mary's County?
Kihomac Inc was awarded this financial services contract by St. Mary's County, as recorded on December 30, 2025. The contract value is Tax credit not to exceed 25% of the County property tax assessed on the property; projected total credit example $38,047.28 over the incentive period.
How much is the Kihomac Inc contract with St. Mary's County worth?
The Kihomac Inc contract with St. Mary's County is valued at Tax credit not to exceed 25% of the County property tax assessed on the property; projected total credit example $38,047.28 over the incentive period, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agreement record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in St. Mary's County Agreement Improvements to Commercial Real Property Tax Credit Agreement 2025-12-30 (Agreement), dated December 30, 2025 from St. Mary's County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Kihomac Inc hold?
Kihomac Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is St. Mary's County currently buying?
Explore St. Mary's County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.