Allows the Durham city council to levy an annual privilege license tax after no less than 10 days' public notice and a public hearing. Exempts business engaged in an activity listed in GS 160A-206. The amount of the tax is either $50, $500, or $5,000 depending on the number of employees at the business location as of June 30. Provides for the administration of the tax, penalties, and collection of the tax. Applies to taxable years beginning on or after July 1, 2015.