St. Mary's County Awards Financial Services Contract to Kihomac Inc (December 2025)
St. Mary's CountyCounty · Leonardtown, MD- Disclosed value
- Property tax credit up to 25% of county property tax on the property for up to 10 years
- From agreement
- Approved
- Dec 30, 2025
The 30-second brief
St. Mary's County entered into a tax credit agreement with KIHOMAC Inc. granting a multi-year commercial property tax credit on its Lexington Park facility in exchange for significant eligible building renovations. The credit will hold the county property tax bill constant for up to ten years based on the scale of the company’s capital investment.
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: Incentive Period of up to 10 years following completion of eligible improvements, commencing in the first County fiscal year in which the improvements are made.
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Contract details
- Contract type
- Financial Services
- Amount
- Property tax credit up to 25% of county property tax on the property for up to 10 years
- Document date
- December 30, 2025
- Term
- Incentive Period of up to 10 years following completion of eligible improvements, commencing in the first County fiscal year in which the improvements are made
- Vendor
- Kihomac Inc
- Agency
- St. Mary's County
- Source document
- St. Mary's County 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 Property tax credit up to 25% of county property tax on the property for up to 10 years.
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 Property tax credit up to 25% of county property tax on the property for up to 10 years, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agreement record.
Where was this contract approved?
This contract appears in St. Mary's County 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.