Maryland Code, TAX – GENERAL 10-301

Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
state: means :

(1) a state, possession, territory, or commonwealth of the United States; or

(2) the District of Columbia. See

The Maryland taxable income of a corporation is its Maryland modified income as allocated to the State under Subtitle 4 of this title.