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How about a background check card that you simply show to the seller? It gets renewed every year. No need to do a check at every purchase, nor to record purchased firearm information.
Doesn't IL already have this? I believe it is called an FOID card......... http://en.wikipedia.org/wiki/FOID_(firearms)
There is also a CPL.
Or you could always just follow current Federal law which requires neither.......